Peering Into WestRock's Recent Short Interest
Portfolio Pulse from Benzinga Insights
WestRock (NYSE:WRK) has seen a 36.59% increase in its short percent of float, now at 6.16% of all regular shares available for trading. This is higher than the peer group average of 3.28%. It would take traders 8.27 days to cover their short positions on average.
June 13, 2024 | 8:45 pm
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WestRock's short interest has increased by 36.59%, now at 6.16% of float, indicating bearish sentiment. It would take 8.27 days to cover short positions.
The significant increase in short interest suggests that investors are bearish on WestRock's stock. This could lead to downward pressure on the stock price in the short term as more traders bet against it.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100