(EG) - Analyzing Everest Group's Short Interest
Portfolio Pulse from Benzinga Insights
Everest Group's short interest has decreased by 17.57%, with 1.05 million shares sold short, representing 3.8% of its float. This is higher than its peers' average of 1.32%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
October 14, 2024 | 4:15 pm
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Everest Group's short interest has decreased by 17.57%, with 1.05 million shares sold short, representing 3.8% of its float. This is higher than its peers' average of 1.32%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that traders are less bearish on Everest Group, which could lead to a positive short-term impact on the stock price. The fact that its short interest is still higher than peers indicates that there is still some bearish sentiment, but the trend is moving towards a more bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100