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
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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.
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IMPORTANCE 70
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