(JBL) - Analyzing Jabil's Short Interest
Portfolio Pulse from Benzinga Insights
Jabil (NYSE:JBL) has seen a 37.89% increase in its short percent of float, now at 5.24% of all regular shares available for trading. This is higher than the peer group average of 2.74%. It would take traders 3.46 days to cover their short positions on average.
May 27, 2024 | 6:00 pm
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Jabil's short interest has increased by 37.89%, now at 5.24% of float, indicating bearish sentiment. This is higher than the peer average of 2.74%.
The significant increase in short interest suggests that investors are bearish on Jabil's stock. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100