(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
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
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.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100