Looking Into Atkore's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Atkore's (NYSE:ATKR) short interest has risen by 5.74%, with 22.47% of its float sold short. This is significantly higher than its peers' average of 10.65%. It would take traders 7.54 days to cover their short positions.
May 30, 2024 | 1:31 pm
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NEGATIVE IMPACT
Atkore's short interest has increased to 22.47% of its float, indicating a bearish sentiment among investors. This is significantly higher than its peers' average of 10.65%.
The significant increase in short interest suggests that investors are bearish on Atkore's stock. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100