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 signal a more bullish market sentiment towards the stock. Compared to its peers, British American Tobacco has less short interest.
October 17, 2023 | 4:00 pm
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The decrease in short interest in British American Tobacco could indicate a more bullish sentiment towards the stock, potentially impacting its price positively in the short term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest often signals a more bullish sentiment towards the stock, as it indicates fewer investors are betting on the stock's price to fall. This could potentially drive up the stock price in the short term.
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