Looking Into Acuity Brands's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Acuity Brands (NYSE:AYI) has seen a 4.22% increase in its short percent of float, now at 5.68%. This indicates a bearish sentiment among investors, although it remains below the peer group average of 11.19%.
August 30, 2024 | 2:15 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Acuity Brands has experienced a 4.22% increase in short interest, now at 5.68% of its float. This suggests a bearish sentiment among investors, although its short interest is still below the peer average of 11.19%.
The increase in short interest suggests that investors are becoming more bearish on Acuity Brands. However, since the short interest is still below the peer average, the impact might be less severe. The stock may face downward pressure in the short term due to increased bearish sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100