How Is The Market Feeling About Jacobs Solutions?
Portfolio Pulse from Benzinga Insights
Jacobs Solutions (NYSE:J) has seen a 9.42% increase in short percent of float since its last report, with 1.66 million shares sold short, representing 1.51% of available shares. This indicates a bearish market sentiment towards J, although it has less short interest compared to its peers' average of 3.32%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.
March 29, 2024 | 1:00 pm
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Jacobs Solutions has experienced a 9.42% increase in short interest, indicating a bearish sentiment among investors. However, its short interest is below the peer average.
The increase in short interest for Jacobs Solutions suggests that investors are becoming more bearish on the stock. This could lead to downward pressure on the stock price in the short term. However, since the short interest is still below the peer average, it indicates that the bearish sentiment is not as strong compared to its peers, which might limit the downside.
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