How Is The Market Feeling About Federal Signal?
Portfolio Pulse from Benzinga Insights
Federal Signal (NYSE:FSS) has seen a rise in its short percent of float by 11.45%, now at 1.46% of all regular shares available for trading. This indicates increased bearish sentiment among investors. However, its short interest is still lower than the peer group average of 5.85%.
July 22, 2024 | 1:15 pm
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Federal Signal's short percent of float has increased by 11.45%, now at 1.46%. This suggests a rise in bearish sentiment, although its short interest is still below the peer group average of 5.85%.
The increase in short interest indicates 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 lower than the peer group average, which may mitigate some of the negative impact.
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IMPORTANCE 70
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