Peering Into Old Dominion Freight Line's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Old Dominion Freight Line (NYSE:ODFL) has seen a 9.22% increase in short interest, with 6.64 million shares sold short, representing 5.21% of its float. This is higher than its peers' average of 4.71%. The increase in short interest suggests bearish sentiment, but it could also be a bullish indicator if the stock price rises.
October 15, 2024 | 5:30 pm
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Old Dominion Freight Line's short interest has increased by 9.22%, now at 5.21% of its float, indicating a bearish sentiment. However, this could also be a bullish signal if the stock price rises.
The increase in short interest suggests that investors are more bearish on ODFL, as more shares are being shorted. However, if the stock price rises, it could lead to a short squeeze, making it a potential bullish opportunity. The short interest is higher than its peers, which adds significance to this data.
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