Looking Into British American Tobacco's Recent Short Interest
Portfolio Pulse from Benzinga Insights
British American Tobacco's (NYSE:BTI) short percent of float has fallen 23.53% since its last report, with 2.94 million shares sold short, which is 0.13% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, BTI has less short interest as a percentage of float, with an average of 2.38%.
September 29, 2023 | 7:30 pm
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The decrease in short interest in British American Tobacco could indicate a more bullish sentiment towards the stock. This could potentially lead to an increase in the stock's price in the short term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest often indicates a more bullish sentiment towards the stock, as fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term.
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