Looking Into Hanover Insurance Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Hanover Insurance Group (NYSE:THG) has seen a 13.08% increase in short interest, with 774,000 shares sold short, representing 2.42% of its float. This is higher than the peer group average of 2.20%. It would take traders 4.5 days to cover their short positions.
July 03, 2024 | 3:00 pm
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Hanover Insurance Group (NYSE:THG) has experienced a significant increase in short interest, now at 2.42% of its float. This could indicate bearish sentiment among investors.
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. The fact that it would take 4.5 days to cover these positions adds to the potential volatility.
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