(ROAD) - Analyzing Construction Partners's Short Interest
Portfolio Pulse from Benzinga Insights
Construction Partners (NYSE:ROAD) has seen a 7.22% increase in short interest, now at 4.75% of its float. This indicates a bearish sentiment among investors, although the company's short interest is slightly below the peer group average of 4.77%.
June 18, 2024 | 4:15 pm
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Construction Partners (NYSE:ROAD) has experienced a 7.22% increase in short interest, now at 4.75% of its float. This suggests a bearish sentiment among investors, although the company's short interest is slightly below the peer group average of 4.77%.
The increase in short interest indicates that more investors are betting against the stock, which typically signals bearish sentiment. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100