Peering Into Travelers Companies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Travelers Companies's (NYSE:TRV) short percent of float has risen 15.45% since its last report, with 2.89 million shares sold short, which is 1.27% of all regular shares available for trading. It would take traders 2.59 days to cover their short positions on average. The company's short interest is less than its peer group average of 1.69%.
October 02, 2023 | 5:30 pm
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Travelers Companies's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
An increase in short interest indicates that more traders are betting that the stock price will fall. However, the fact that Travelers Companies's short interest is less than its peer group average could mean that it is less likely to fall compared to its peers.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100