How Is The Market Feeling About Acuity Brands?
Portfolio Pulse from Benzinga Insights
Acuity Brands (NYSE:AYI) has seen a 7.82% increase in its short percent of float, now at 7.03%. This indicates a rise in bearish sentiment among investors. However, its short interest is still below the peer group average of 10.14%.
July 02, 2024 | 5:15 pm
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Acuity Brands has experienced a 7.82% increase in its short percent of float, now at 7.03%. This suggests a rise in bearish sentiment among investors. However, its short interest remains below the peer group average of 10.14%.
The increase in short interest suggests 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.
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