Peering Into WEX's Recent Short Interest
Portfolio Pulse from Benzinga Insights
WEX's short interest has risen by 31.51% since its last report, with 717 thousand shares sold short, representing 1.92% of its float. This increase in short interest could indicate bearish sentiment among investors. However, WEX's short interest is still lower than the peer group average of 5.81%.
August 02, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
WEX's short interest has increased by 31.51%, now at 1.92% of its float. This could indicate bearish sentiment, but it's still below the peer average of 5.81%.
The significant increase in short interest suggests that investors are becoming more bearish on WEX. However, the short interest is still lower than the peer average, which could mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100