Looking Into Fidelity National Info's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Fidelity National Info (NYSE:FIS) has seen a 17.89% increase in short interest, with 18.60 million shares sold short, representing 4.35% of its float. This is lower than the peer group average of 5.16%. The increase in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.
June 27, 2024 | 2:15 pm
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Fidelity National Info (NYSE:FIS) has experienced a 17.89% increase in short interest, now at 4.35% of its float. This could indicate bearish sentiment among investors, although it is below the peer group average of 5.16%.
The significant increase in short interest suggests that investors are becoming more bearish on FIS. However, since the short interest is still below the peer average, the impact might be moderated. Traders should be cautious as this could lead to increased volatility.
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