(ALL) - Analyzing Allstate's Short Interest
Portfolio Pulse from Benzinga Insights
Allstate (NYSE:ALL) has seen a 4.0% decrease in short interest since its last report, with 3.74 million shares sold short, representing 1.44% of its float. The average time to cover these short positions is 1.7 days. A decrease in short interest can indicate a more bullish sentiment among investors. Allstate's short interest is below its peer group average of 1.66%.
November 16, 2023 | 5:00 pm
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Allstate's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term positive impact on the stock price.
A decrease in short interest typically suggests that investors are less bearish on a stock, which can lead to an increase in its price. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee a rise in Allstate's stock price.
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