Peering Into BigBear.ai Hldgs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
BigBear.ai Holdings (NYSE:BBAI) has seen a 6.4% increase in short interest, now at 19.12% of its float, indicating a bearish market sentiment. With 9.80 million shares sold short, it would take 2.96 days to cover all short positions. This rise in short interest is significant compared to its peers, where the average short interest is 3.72%.
February 29, 2024 | 6:30 pm
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BigBear.ai Holdings has experienced a significant increase in short interest, indicating a bearish market sentiment towards the stock.
The increase in short interest for BigBear.ai Holdings suggests that investors are becoming more bearish on the stock. This is further emphasized by the comparison to its peers, where BBAI's short interest significantly exceeds the average. The high percentage of float shorted and the relatively short time to cover these positions could lead to increased volatility in the stock's price in the short term.
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