(WAL) - Analyzing Western Alliance's Short Interest
Portfolio Pulse from Benzinga Insights
Western Alliance's short interest has increased by 45.09%, with 7.45 million shares sold short, representing 6.95% of its float. This is higher than its peers' average of 3.25%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 17, 2024 | 3:00 pm
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Western Alliance's short interest has risen significantly, indicating potential bearish sentiment. The short interest is now 6.95% of its float, higher than the peer average of 3.25%.
The significant increase in short interest suggests that investors are more bearish on Western Alliance compared to its peers. This could lead to downward pressure on the stock price in the short term, although it doesn't guarantee a price drop.
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