(ACM) - Analyzing AECOM's Short Interest
Portfolio Pulse from Benzinga Insights
AECOM's short interest has risen by 15.52%, with 1.39 million shares sold short, representing 1.34% of its float. This is lower than its peer group's average short interest of 4.90%. The increase in short interest could indicate bearish sentiment but does not necessarily predict a near-term price drop.
June 10, 2024 | 1:45 pm
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AECOM's short interest has increased by 15.52%, now at 1.34% of its float, which is lower than its peers' average of 4.90%. This could indicate bearish sentiment but does not necessarily predict a near-term price drop.
The increase in short interest suggests that more investors are betting against AECOM, which could indicate bearish sentiment. However, the short interest is still lower than the peer group average, which might mitigate the negative impact.
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