How Is The Market Feeling About Blue Bird?
Portfolio Pulse from Benzinga Insights
Blue Bird (NYSE:BLBD) has seen a significant rise in its short percent of float, increasing by 75.19% since its last report. The company now has 1.93 million shares sold short, which is 6.92% of its float. This is higher than the peer group average of 5.58%. The increase in short interest could indicate bearish sentiment among investors.
August 07, 2024 | 6:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Blue Bird's short percent of float has risen by 75.19%, now at 6.92%, indicating increased bearish sentiment. This is higher than the peer group average of 5.58%.
The significant increase in short interest suggests that investors are becoming more bearish on Blue Bird. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100