How Is The Market Feeling About Equifax?
Portfolio Pulse from Benzinga Insights
Equifax (NYSE:EFX) has seen a 16.67% increase in short interest since its last report, with 3.66 million shares sold short, representing 3.36% of its float. The current short interest exceeds the peer group average of 2.91%. While high short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline. Traders would need approximately 4.37 days to cover their short positions based on average trading volume.
December 28, 2023 | 4:45 pm
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Equifax's short interest has increased, which may indicate bearish sentiment among investors. However, this does not necessarily mean the stock price will fall in the short term.
While an increase in short interest suggests that investors are expecting the price of Equifax's stock to fall, it is not a definitive predictor of immediate price movement. The article indicates that high short interest does not guarantee a near-term price decline, and therefore the short-term impact on the stock is uncertain.
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