How Is The Market Feeling About Allstate?
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 indicate a bearish market sentiment towards Allstate. However, compared to its peers, Allstate has less short interest as a percentage of float (1.69%).
October 20, 2023 | 4:30 pm
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The increase in short interest in Allstate could indicate a bearish sentiment, potentially impacting the stock negatively in the short term. However, having less short interest compared to its peers could be a positive sign.
Short interest is the number of shares sold short but not yet covered. An increase in short interest can indicate a bearish sentiment towards a stock, potentially leading to a decrease in its price. However, Allstate's lower short interest compared to its peers could indicate less negative sentiment towards it, potentially mitigating some of the negative impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100