Peering Into Walgreens Boots Alliance's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Walgreens Boots Alliance (NYSE:WBA) has seen a 12.9% increase in short interest since its last report, with 35.22 million shares sold short, representing 5.6% of its float. This indicates a bearish market sentiment, although it doesn't necessarily predict a near-term price drop. WBA's short interest is above its peer group average of 5.11%, suggesting more bearish sentiment compared to its peers.
April 25, 2024 | 8:30 pm
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Walgreens Boots Alliance's short interest has increased to 5.6% of its float, indicating a bearish sentiment among investors.
The increase in short interest for WBA suggests that investors are becoming more bearish on the stock. This could lead to increased selling pressure in the short term, potentially impacting the stock price negatively. However, the actual impact on the stock price will depend on broader market conditions and investor reactions to this news.
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