(AON) - Analyzing Aon's Short Interest
Portfolio Pulse from Benzinga Insights
Aon's (NYSE:AON) short interest has increased to 1.96 million shares, representing 1.0% of its float, with a 5.26% rise since the last report. It would take about 2.08 days to cover all short positions. This rise in short interest could indicate a bearish market sentiment towards AON, although it's lower than its peer group average of 3.76%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on its decline.
May 10, 2024 | 5:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Aon's increased short interest suggests a bearish sentiment among traders, but it's still below the peer average. This could lead to increased volatility in the short term, especially if market conditions prompt a rapid covering of short positions.
The rise in short interest for AON indicates that traders are more bearish on the stock, potentially leading to short-term price pressure. However, being below the peer average suggests that AON might not be as negatively viewed as others, possibly limiting the downside. The short-term impact is likely negative due to the bearish sentiment, but the lower than average peer comparison could mitigate some of the negative pressure.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100