Looking Into Reinsurance Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Reinsurance Gr (NYSE:RGA) has seen an 18.6% increase in short interest since its last report, with 522 thousand shares now sold short, representing 1.02% of its available trading shares. It would take about 1.44 days to cover all short positions. This rise in short interest can indicate a more bearish market sentiment towards RGA, although it has less short interest compared to its peer group average of 2.44%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on its decline.
April 11, 2024 | 1:45 pm
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Reinsurance Gr's short interest has increased by 18.6%, indicating a bearish sentiment among traders. However, its short interest is below the peer group average.
The increase in short interest for RGA suggests that traders are more bearish on the stock, potentially leading to downward pressure on its price in the short term. However, being below the peer average in short interest might mitigate some negative impact, indicating less bearish sentiment compared to its peers.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90