Looking Into AllianceBernstein Holding's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AllianceBernstein Holding (NYSE:AB) has seen a decrease in short interest, with the short percent of float falling 6.12% to 0.92%. This indicates fewer shares are being shorted, suggesting a potential shift in market sentiment towards the stock. Compared to its peers, AB has a lower short interest percentage, with the average for its peer group at 2.78%.
April 12, 2024 | 4:45 pm
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AllianceBernstein Holding's short interest has decreased, indicating a potential positive shift in market sentiment towards the stock.
A decrease in short interest typically suggests that investors are becoming more bullish on a stock. For AB, the reduction in short interest to 0.92% of its float could indicate a positive shift in market sentiment, potentially leading to an increase in its stock price in the short term. Additionally, having a lower short interest compared to its peers suggests that AB might be in a stronger position or viewed more favorably by the market.
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IMPORTANCE 70
RELEVANCE 90