(MO) - Analyzing Altria Group's Short Interest
Portfolio Pulse from Benzinga Insights
Altria Group's (NYSE:MO) short interest has decreased by 10.75% since the last report, with 14.61 million shares sold short, representing 0.83% of its float. This decrease in short interest could indicate a more bullish sentiment towards MO among traders. The company's short interest is below its peer group average of 3.02%, suggesting less bearish sentiment compared to its peers.
March 28, 2024 | 4:30 pm
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Altria Group's short interest has decreased, indicating a potential bullish sentiment among traders. This could lead to a short-term positive impact on MO's stock price.
A decrease in short interest typically indicates that traders are less bearish on the stock, which can lead to an increase in stock price as short positions are covered. Given that MO's short interest is also below its peer group average, this suggests a relatively more bullish sentiment towards MO, potentially leading to a short-term positive impact on its stock price.
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