Looking Into Verizon Communications's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Verizon Communications (NYSE:VZ) has seen a 22.02% increase in its short percent of float, now at 1.33% of available shares. This indicates a rise in bearish sentiment, although it remains below the peer group average of 1.73%.
September 26, 2024 | 6:30 pm
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Verizon's short interest has increased by 22.02%, reaching 1.33% of its float. This suggests a rise in bearish sentiment, but it remains below the peer average of 1.73%.
The increase in short interest suggests that investors are becoming more bearish on Verizon, which could lead to downward pressure on the stock price. However, since the short interest is still below the peer average, the impact may be moderated.
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