Peering Into Blue Bird's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Blue Bird (NYSE:BLBD) has seen a significant rise in its short interest, with a 18.94% increase since the last report. The company now has 1.07 million shares sold short, representing 3.83% of its float. This could indicate bearish sentiment among investors, although its short interest is still below the peer group average of 5.05%.
July 05, 2024 | 3:00 pm
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Blue Bird's short interest has increased by 18.94%, now at 3.83% of its float. This rise in short interest could indicate bearish sentiment among investors, although it remains below the peer group average of 5.05%.
The significant increase in short interest suggests that more investors are betting against Blue Bird, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which might mitigate some of the negative impact.
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IMPORTANCE 80
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