(EG) - Analyzing Everest Group's Short Interest
Portfolio Pulse from Benzinga Insights
Everest Group (NYSE:EG) has seen a 5.76% increase in its short percent of float, now at 2.94%. This indicates a bearish sentiment among investors, as it surpasses the peer group average of 1.41%. It would take traders 2.77 days to cover their short positions.
August 06, 2024 | 7:45 pm
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Everest Group's short interest has increased by 5.76%, now at 2.94% of float, indicating a bearish sentiment. This is higher than the peer group average of 1.41%.
The increase in short interest suggests that investors are becoming more bearish on Everest Group. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100