How Is The Market Feeling About Intercontinental Exchange?
Portfolio Pulse from Benzinga Insights
Intercontinental Exchange (NYSE:ICE) has seen a 4.55% decrease in short interest since the last report, with 3.54 million shares sold short, representing 0.63% of available shares. The trading volume suggests it would take 1.4 days to cover short positions. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, ICE has a lower short interest as a percentage of float (0.63% vs. peer average of 2.82%).
November 14, 2023 | 5:30 pm
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Intercontinental Exchange's short interest has decreased, which may suggest a more bullish sentiment among investors. The company's short interest is below the peer average, potentially indicating a positive outlook compared to its competitors.
The decrease in short interest for Intercontinental Exchange suggests that investors may be less bearish on the stock, which could lead to a short-term increase in its price. However, short interest is just one indicator and does not guarantee a price movement. The comparison with peers showing lower short interest for ICE could be interpreted as a relative strength, potentially making it more attractive to investors.
CONFIDENCE 70
IMPORTANCE 60
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