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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100