Looking Into Equifax's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Equifax's (NYSE:EFX) short interest has increased by 7.61% since the last report, with 3.25 million shares sold short, representing 2.97% of its float. It would take about 3.4 days to cover these short positions. This rise in short interest can indicate a bearish market sentiment towards EFX, although it's not a definitive predictor of stock movement. Equifax's short interest is slightly below its peer group average of 3.03%.
March 28, 2024 | 8:45 pm
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Equifax's short interest has risen by 7.61%, indicating a potential increase in bearish sentiment among investors.
The increase in short interest suggests that more investors are betting against Equifax's stock, potentially leading to downward pressure on its price in the short term. However, this is not a guaranteed predictor of stock movement, and the below-peer average short interest could mitigate some negative impact.
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