Peering Into Atkore's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Atkore (NYSE:ATKR) has seen a decrease in short interest, with 4.56 million shares sold short, representing 16.19% of its float. This is a 6.36% drop from its last report, requiring 14.24 days on average for traders to cover their short positions. Short interest is a key indicator of market sentiment, and Atkore's short interest is higher than its peer group average of 9.41%. This suggests varying investor sentiment towards Atkore, with the current decrease potentially signaling a more bullish outlook.
February 09, 2024 | 1:30 pm
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Atkore's short interest has decreased by 6.36%, now at 16.19% of its float, indicating a potential shift in market sentiment towards a more bullish outlook.
A decrease in short interest often suggests that investors are becoming less bearish, potentially leading to an increase in stock price in the short term. Given that Atkore's short interest is significantly higher than its peers but is decreasing, this could indicate a stronger bullish sentiment among investors, possibly impacting the stock price positively.
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