Looking Into British American Tobacco's Recent Short Interest
Portfolio Pulse from Benzinga Insights
British American Tobacco (NYSE:BTI) has seen a significant decrease in short interest, with a 36.84% drop since the last report. The current short interest stands at 2.61 million shares, or 0.12% of the float, with a short-covering time of approximately 1 day. This decline in short interest may indicate a more bullish sentiment among investors, although it does not necessarily predict a near-term rise in stock price. BTI's short interest is below the peer group average of 2.01%.
December 28, 2023 | 1:45 pm
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British American Tobacco's short interest has significantly decreased, which may suggest a more bullish sentiment among investors. However, this does not guarantee an immediate increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a potential increase in its price in the short term. However, the impact on the stock price is not certain and will depend on broader market conditions and company performance.
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