(BTI) - Analyzing British American Tobacco's Short Interest
Portfolio Pulse from Benzinga Insights
British American Tobacco's (NYSE:BTI) short percent of float has fallen 42.86% since its last report, with 2.78 million shares sold short, which is 0.12% 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, BTI has less short interest.
November 03, 2023 | 7:30 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 an indicator of market sentiment. A decrease in short interest often signals a more bullish sentiment, which could drive the stock price up. Given that BTI's short interest has decreased significantly, this could potentially have a positive impact on its stock price in the short term.
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IMPORTANCE 75
RELEVANCE 100