Peering Into Avery Dennison's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Avery Dennison's (NYSE:AVY) short interest has risen by 3.23%, with 1.58 million shares sold short, representing 2.24% of its float. This increase in short interest suggests a more bearish sentiment among investors. However, compared to its peers, Avery Dennison has a lower short interest percentage.
July 17, 2024 | 6:15 pm
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NEGATIVE IMPACT
Avery Dennison's short interest has increased by 3.23%, now at 2.24% of its float. This indicates a more bearish sentiment among investors, but the company's short interest is still lower than its peers.
The increase in short interest suggests that investors are becoming more bearish on Avery Dennison. However, the short interest is still lower than its peers, which may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100