(WRK) - Analyzing WestRock's Short Interest
Portfolio Pulse from Benzinga Insights
WestRock's (NYSE:WRK) short interest has decreased by 16.54% since the last report, with 14.59 million shares sold short, representing 6.46% of its float. This decline in short interest could indicate a more bullish sentiment towards WRK compared to its peers, where the average short interest as a percentage of float is 2.93%.
May 08, 2024 | 2:30 pm
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WestRock's short interest has significantly decreased, indicating a potential increase in bullish sentiment among investors.
A decrease in short interest often suggests that investors are less bearish on the stock, potentially leading to an increase in its price in the short term. Given that WestRock's short interest is significantly higher than its peers, this reduction could be particularly impactful, signaling stronger confidence in the company's performance or outlook.
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