(WAL) - Analyzing Western Alliance's Short Interest
Portfolio Pulse from Benzinga Insights
Western Alliance (NYSE:WAL) has seen an 8.02% increase in its short percent of float since the last report, with 5.55 million shares sold short, representing 5.12% of available shares. This places it above its peer group average of 3.89% in short interest as a percentage of float. The rise in short interest signals a more bearish market sentiment towards WAL, though it doesn't necessarily predict a near-term price drop.
April 04, 2024 | 3:00 pm
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Western Alliance's short interest has increased, indicating a bearish market sentiment. However, this doesn't guarantee a near-term price drop.
The increase in short interest for Western Alliance suggests a bearish sentiment among investors, which could lead to increased volatility. However, the article also notes that an increase in short interest doesn't necessarily mean the stock price will fall in the near term. Given the uncertainty about the immediate impact on the stock price, a neutral score is assigned.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90