How Is The Market Feeling About Abercrombie & Fitch?
Portfolio Pulse from Benzinga Insights
Abercrombie & Fitch (NYSE:ANF) has seen a 9.48% increase in its short percent of float, now at 15.24%. This indicates a bearish sentiment among investors, although it is below the peer group average of 17.21%. Short interest can be a key indicator of market sentiment.
October 16, 2024 | 6:30 pm
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Abercrombie & Fitch's short interest has increased by 9.48%, reaching 15.24% of its float. This suggests a bearish sentiment among investors, although it remains below the peer average of 17.21%.
The increase in short interest suggests that investors are becoming more bearish on Abercrombie & Fitch. Although the short interest is below the peer average, the rise indicates potential downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100