How Is The Market Feeling About American Intl Gr?
Portfolio Pulse from Benzinga Insights
American Intl Gr (NYSE:AIG) has seen a 5.26% increase in short interest since its last report, with 6.27 million shares sold short, representing 1.0% of available shares. The short interest ratio is 1.58 days to cover. While an increase in short interest can indicate bearish sentiment, AIG has less short interest compared to its peer group average of 1.70%. The rise in short interest does not necessarily predict a near-term price drop.
December 08, 2023 | 7:00 pm
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American Intl Gr (AIG) has experienced a rise in short interest, which could indicate bearish sentiment among investors. However, its short interest is still below the peer group average, suggesting less bearish sentiment relative to its peers.
The increase in short interest for AIG suggests that some investors are expecting the stock price to decline. However, since the short interest is below the peer average, it does not strongly indicate a widespread bearish outlook. The short-term impact on the stock price is uncertain, as short interest is just one of many factors that can affect stock prices.
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