Looking Into Walgreens Boots Alliance's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Walgreens Boots Alliance (NYSE:WBA) has seen a 15.34% increase in its short percent of float, now at 10.83%. This indicates a bearish sentiment among investors, as it would take 2.84 days to cover short positions. WBA's short interest is higher than its peers, whose average is 5.66%.
July 30, 2024 | 8:30 pm
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Walgreens Boots Alliance has experienced a 15.34% increase in short interest, now at 10.83% of its float. This suggests a bearish sentiment among investors, as it would take 2.84 days to cover short positions. WBA's short interest is significantly higher than its peers' average of 5.66%.
The significant increase in short interest indicates a bearish sentiment among investors. This could lead to downward pressure on the stock price in the short term as more investors are betting against the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100