(BN) - Analyzing Brookfield's Short Interest
Portfolio Pulse from Benzinga Insights
Brookfield's (NYSE:BN) short percent of float has fallen 15.67% since its last report, with 16.75 million shares sold short, which is 1.13% of all regular shares available for trading. It would take traders 7.62 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.08%.
October 04, 2023 | 2:15 pm
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Brookfield's short interest has decreased, indicating a potentially more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest could mean that investors are less bearish about the stock, potentially leading to less selling pressure. However, many other factors also influence stock prices, so the impact on Brookfield's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100