How Is The Market Feeling About Fidelity National Info?
Portfolio Pulse from Benzinga Insights
Fidelity National Info (NYSE:FIS) has seen a 12.88% increase in short interest since the last report, with 8.83 million shares sold short, representing 1.49% of available shares. The short interest ratio is 1.62 days to cover. While an increase in short interest can indicate bearish sentiment, FIS has less short interest compared to its peer group average of 6.07%. The rise in short interest doesn't necessarily predict a stock price fall, but it suggests traders are more bearish on FIS.
December 13, 2023 | 4:45 pm
News sentiment analysis
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NEUTRAL IMPACT
Fidelity National Info's short interest has increased, which may indicate bearish market sentiment. However, its short interest is below the peer group average, suggesting less bearish sentiment relative to its peers.
The increase in short interest for FIS suggests that traders might be expecting the stock price to decline, which could lead to a negative short-term impact on the stock price. However, since the short interest is still below the peer group average, this might not be a strong bearish signal compared to its peers. The impact score is neutral (0) because the article does not provide conclusive evidence that the stock will move in either direction, and the relevance is high (80) as the news is directly about FIS. The importance is moderate (60) as short interest is just one of many factors that can affect stock prices, and the confidence level is set at 70 due to the lack of clear directional indicators from the article.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80