Looking Into AllianceBernstein Holding's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AllianceBernstein Holding (NYSE:AB) has seen a 6.67% increase in its short percent of float since the last report, with 1.08 million shares sold short, representing 0.96% of available shares. This indicates a bearish sentiment among investors, although it's lower than the peer group average of 2.47%. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.
March 20, 2024 | 5:15 pm
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AllianceBernstein Holding's short interest has increased, indicating a bearish market sentiment towards the stock.
The increase in short interest suggests that investors are expecting the price of AB to fall, which could lead to a negative short-term impact on the stock price. However, the fact that AB's short interest is below its peer group average might mitigate the bearish sentiment to some extent.
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