How Is The Market Feeling About SLM?
Portfolio Pulse from Benzinga Insights
SLM's short interest has increased by 8.79%, with 7.67 million shares sold short, representing 4.21% of its float. This is below the peer average of 6.58%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
October 08, 2024 | 1:30 pm
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SLM's short interest has increased by 8.79%, with 7.67 million shares sold short, representing 4.21% of its float. This is below the peer average of 6.58%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest indicates a bearish sentiment among investors, which could lead to downward pressure on SLM's stock price. However, the short interest is still below the peer average, which might mitigate the impact.
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