(T) - Analyzing AT&T's Short Interest
Portfolio Pulse from Benzinga Insights
AT&T's short interest has risen by 4.62%, with 97.59 million shares sold short, representing 1.36% of its float. This increase in short interest indicates a more bearish sentiment among investors. However, AT&T's short interest is still lower than the peer group average of 4.38%.
July 05, 2024 | 3:00 pm
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AT&T's short interest has increased by 4.62%, with 97.59 million shares sold short, representing 1.36% of its float. This suggests a more bearish sentiment among investors, although its short interest is still below the peer group average of 4.38%.
The increase in short interest indicates that more investors are betting against AT&T, which could put downward pressure on the stock price in the short term. However, the short interest is still lower than the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100