Looking Into Allstate's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Allstate's (NYSE:ALL) short percent of float has risen 7.26% since its last report, with 3.45 million shares sold short, which is 1.33% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a stock. However, compared to its peers, Allstate has less short interest as a percentage of float, which is 1.69% on average.
October 04, 2023 | 6:45 pm
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Allstate's short interest has increased, indicating a bearish market sentiment. However, its short interest is less than its peers' average, which could be a positive sign.
An increase in short interest usually indicates a bearish sentiment towards a stock. However, Allstate's short interest is less than its peers' average, which could mean that the market is less bearish on Allstate compared to its peers. This could potentially have a neutral impact on Allstate's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100