(AA) - Analyzing Alcoa's Short Interest
Portfolio Pulse from Benzinga Insights
Alcoa's short interest has decreased by 20.19%, with 13.01 million shares sold short, representing 5.97% of its float. This is higher than its peers' average of 3.30%. The decrease in short interest may indicate a shift in market sentiment towards a more bullish outlook.
September 06, 2024 | 7:30 pm
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Alcoa's short interest has decreased by 20.19%, now at 5.97% of its float, which is higher than the peer average of 3.30%. This decrease may suggest a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against Alcoa, which could indicate a more positive outlook on the stock. This is significant as Alcoa's short interest remains higher than its peers, suggesting a potential shift in sentiment.
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