Peering Into AECOM's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AECOM's (NYSE:ACM) short interest has decreased by 4.86% since the last report, with 1.42 million shares sold short, representing 1.37% of its float. The current short interest suggests a bullish sentiment as it is lower than the peer group average of 4.73%. Short interest is a key indicator of market sentiment, and a decrease often signals that investors are becoming more optimistic about the stock's future performance.
April 15, 2024 | 7:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
AECOM's short interest has decreased, indicating a potential increase in bullish sentiment among investors. This could suggest a positive short-term impact on ACM's stock price.
The decrease in short interest for AECOM suggests that fewer investors are betting against the stock, which can be interpreted as a positive sign of investor confidence. Given that short interest is a contrarian indicator, a decrease often leads to a more bullish outlook on the stock, potentially driving up its price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90