Looking Into Alight's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Alight (NYSE:ALIT) has seen a 6.37% increase in its short percent of float, now at 4.01% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, Alight's short interest is still below the peer group average of 5.08%.
June 03, 2024 | 1:00 pm
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Alight's short interest has increased by 6.37%, now at 4.01% of float. This rise in short interest suggests growing bearish sentiment, but it remains below the peer average of 5.08%.
The increase in short interest indicates that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
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