Looking Into AT&T's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AT&T's (NYSE:T) short interest has increased by 6.3%, with 96.82 million shares sold short, representing 1.35% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 2.80% short interest. The coverage time for these short positions is approximately 1.98 days.
March 18, 2024 | 8:00 pm
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AT&T's short interest has increased, indicating a bearish sentiment among investors, but it remains below the peer average.
The increase in short interest suggests that investors are becoming more bearish on AT&T, potentially leading to downward pressure on the stock price in the short term. However, being below the peer average might mitigate some negative impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90