Looking Into Altria Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Altria Group's (NYSE:MO) short percent of float has risen 6.49% since its last report, with 14.48 million shares sold short, which is 0.82% of all regular shares available for trading. Short interest can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish. Altria Group's peer group average for short interest as a percentage of float is 2.30%, which means the company has less short interest than most of its peers.
October 17, 2023 | 1:30 pm
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Altria Group's short percent of float has risen, indicating a bearish sentiment. However, it has less short interest than most of its peers.
The increase in short percent of float indicates that more investors are betting against Altria Group, which could put downward pressure on the stock price in the short term. However, the fact that Altria has less short interest than most of its peers could mitigate this effect to some extent.
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