Looking Into Broadridge Financial Soln's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Broadridge Financial Solutions (NYSE:BR) has seen a 19.42% increase in short interest, with 1.27 million shares sold short, representing 1.23% of its float. This is lower than the peer group average of 5.01%. The increase in short interest could indicate bearish sentiment but does not necessarily predict a near-term price drop.
June 14, 2024 | 5:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Broadridge Financial Solutions has experienced a 19.42% increase in short interest, now at 1.23% of its float. This is lower than the peer group average of 5.01%. The rise in short interest 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 the stock, which could indicate bearish sentiment. However, the short interest is still lower than the peer average, which may mitigate the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100