(KALU) - Analyzing Kaiser Aluminum's Short Interest
Portfolio Pulse from Benzinga Insights
Kaiser Aluminum's (NYSE:KALU) short interest has risen by 13.4%, with 4.74% of its float sold short. This indicates increased bearish sentiment, although the company's short interest is still below the peer group average of 5.67%.
June 14, 2024 | 5:45 pm
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Kaiser Aluminum's short interest has increased by 13.4%, now at 4.74% of its float. This suggests a rise in bearish sentiment, although the short interest is still below the peer group average of 5.67%.
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 group average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100