(WEX) - Analyzing WEX's Short Interest
Portfolio Pulse from Benzinga Insights
WEX Inc. (NYSE:WEX) has seen a 23.23% increase in short interest since its last report, with 515 thousand shares sold short, representing 1.22% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 5.22%. The coverage time for these short positions is approximately 1.79 days based on trading volume.
February 20, 2024 | 7:15 pm
News sentiment analysis
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WEX Inc. has experienced a significant increase in short interest, indicating a bearish sentiment among investors. However, it remains below the peer average.
The increase in short interest suggests that investors are becoming more bearish on WEX. However, since it's below the peer average, the impact might be moderated. The short coverage time indicates that any significant news could quickly reverse the sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100