Looking Into Hartford Finl Servs Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Hartford Financial Services Group (NYSE:HIG) has seen a 10.06% increase in short interest, now at 4.75 million shares or 1.86% of its float. This is lower than its peer group average of 2.21%. The rise in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall.
June 28, 2024 | 6:00 pm
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Hartford Financial Services Group (NYSE:HIG) has experienced a 10.06% increase in short interest, now at 4.75 million shares or 1.86% of its float. This is lower than the peer group average of 2.21%. The rise in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall.
The increase in short interest suggests that more investors are betting against HIG, which could indicate bearish sentiment. However, the short interest is still below the peer average, and increased short interest does not necessarily mean the stock will fall. Therefore, the short-term impact on the stock price is neutral.
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