Peering Into XPO's Recent Short Interest
Portfolio Pulse from Benzinga Insights
XPO Logistics, Inc. (NYSE:XPO) has seen a decrease in short interest, with the short percent of float dropping 3.97% since the last report. The company now has 5.15 million shares sold short, representing 5.08% of its available shares for trading. This decline in short interest could indicate a more bullish sentiment among investors towards XPO. The company's short interest is higher than its peer group average of 3.49%, suggesting it has more short interest compared to its peers.
March 13, 2024 | 6:00 pm
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XPO Logistics, Inc. has experienced a decrease in short interest, which may indicate a more bullish sentiment among investors towards the stock.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For XPO, this reduction in short interest could lead to a positive short-term impact on its stock price as it reflects a more bullish sentiment among traders and investors. However, it's important to note that short interest is just one of many factors that can influence stock prices.
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