Looking Into Jabil's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Jabil Inc. (NYSE:JBL) has seen a decrease in short interest, now at 4.86 million shares or 5.44% of float, down 6.85% from the last report. It would take about 3.29 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards JBL, with the current short interest being higher than its peer group average of 2.36%.
April 24, 2024 | 2:30 pm
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Jabil Inc. has experienced a decrease in short interest, suggesting a potential shift in market sentiment towards the stock.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. For Jabil, this reduction in short interest could suggest that market sentiment is improving, potentially leading to a positive impact on the stock price in the short term. However, it's important to consider that short interest is just one of many factors that can influence stock prices.
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