Peering Into Brown & Brown's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Brown & Brown (NYSE:BRO) has seen a 28.97% increase in its short percent of float, now at 1.87% of available shares. This is below the peer group average of 3.39%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 17, 2024 | 3:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Brown & Brown's short interest has increased by 28.97%, now at 1.87% of float, which is below the peer average of 3.39%. This rise may indicate bearish sentiment but doesn't guarantee a price drop.
The increase in short interest suggests that investors are becoming more bearish on Brown & Brown, which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which may mitigate the impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100