How Is The Market Feeling About Broadridge Financial Soln?
Portfolio Pulse from Benzinga Insights
Broadridge Financial Solutions (NYSE:BR) has seen a 22% increase in its short percent of float, now at 1.22%. This is below the peer group average of 5.09%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
August 27, 2024 | 8:30 pm
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NEUTRAL IMPACT
Broadridge Financial Solutions has experienced a 22% increase in short interest, now at 1.22% of its float. This is lower than the peer average of 5.09%, suggesting less bearish sentiment compared to peers.
The increase in short interest suggests a rise in bearish sentiment, but since it's below the peer average, it indicates relatively less concern compared to peers. This mixed signal results in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100