Peering Into Altria Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Altria Group's (NYSE:MO) short interest has decreased by 9.3% since the last report, with 13.85 million shares sold short, representing 0.78% of available shares. The average time to cover these short positions is 2.01 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Altria has a lower short interest compared to its peer group average of 1.93%.
December 25, 2023 | 1:00 pm
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Altria Group's short interest has decreased, which may suggest a more bullish sentiment among investors and could lead to a short-term positive impact on the stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to an increase in its price as short sellers cover their positions. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee a price rise.
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