(AA) - Analyzing Alcoa's Short Interest
Portfolio Pulse from Benzinga Insights
Alcoa Corporation's (NYSE:AA) short interest has decreased by 8.37% since the last report, with 11.71 million shares sold short, representing 7.55% of its float. The average time to cover these short positions is 1.92 days. This decline in short interest may indicate a more bullish sentiment among investors compared to the company's peers, which have an average short interest of 3.52% of float.
January 19, 2024 | 7:15 pm
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Alcoa's short interest has decreased, which could be a sign of increasing bullish sentiment among investors, potentially leading to a positive short-term impact on the stock price.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to an increase in the stock price in the short term. However, the article also cautions that this does not necessarily mean the stock will rise, indicating that while the sentiment is more bullish, it is not a guaranteed predictor of stock price movement.
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