Looking Into AT&T's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AT&T's (NYSE:T) short interest has increased by 18.55%, with 105.15 million shares sold short, representing 1.47% of its float. It would take about 3.31 days to cover all short positions. This rise in short interest can indicate a bearish market sentiment towards AT&T, although it has less short interest compared to its peers, with an average of 3.85% in the peer group.
April 18, 2024 | 1:30 pm
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AT&T's short interest has risen significantly, indicating a potential bearish sentiment among investors. However, its short interest is still below the peer group average.
The increase in short interest suggests that investors might be expecting the price of AT&T's stock to decline, which could lead to a negative short-term impact on its stock price. However, the fact that AT&T's short interest is below its peer group average might mitigate the negative sentiment to some extent.
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IMPORTANCE 70
RELEVANCE 90