(ALL) - Analyzing Allstate's Short Interest
Portfolio Pulse from Benzinga Insights
Allstate (NYSE:ALL) has seen a 14.58% decrease in short interest since its last report, with 3.19 million shares sold short, representing 1.23% of available shares. The short interest is below the peer group average of 1.76%. A decrease in short interest can indicate a more bullish sentiment towards the stock, but it does not necessarily predict a price rise. It would take about 2 days to cover all short positions based on current trading volume.
December 05, 2023 | 8:45 pm
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Allstate's short interest has decreased, which may indicate a more bullish sentiment among investors. The short interest is lower than the peer group average.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a potential increase in its price in the short term. However, the impact on the stock price is not guaranteed and will depend on broader market conditions and company performance.
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