Looking Into Allstate's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Allstate's (NYSE:ALL) short interest has increased by 22.67% since the last report, with 2.42 million shares sold short, representing 0.92% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 1.91%. The coverage time for these short positions is approximately 1.53 days based on current trading volumes.

March 13, 2024 | 7:15 pm
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Allstate's short interest has risen by 22.67%, indicating increased bearish sentiment among investors. However, it remains below the peer average.
The increase in short interest suggests that investors are becoming more bearish on Allstate, potentially leading to downward pressure on the stock price in the short term. However, the fact that Allstate's short interest is below its peer group average might mitigate some of the negative impact, as it indicates that Allstate is not as heavily shorted compared to its peers. The coverage time of 1.53 days suggests that any significant change in market sentiment could quickly result in covering, potentially leading to short squeezes.
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