Looking Into AECOM's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AECOM's short interest has increased by 18.56%, with 2.01 million shares sold short, representing 1.98% of its float. This is below the peer group average of 5.06%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
August 21, 2024 | 7:00 pm
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AECOM's short interest has increased by 18.56%, with 2.01 million shares sold short, representing 1.98% of its float. This is below the peer group average of 5.06%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests that investors are becoming more bearish on AECOM, which could lead to downward pressure on the stock price. However, since AECOM's short interest is still below the peer average, the impact might be limited. The short interest data is a significant indicator of market sentiment, hence the importance score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100