(ALL) - Analyzing Allstate's Short Interest
Portfolio Pulse from Benzinga Insights
Allstate's short interest has decreased by 10.71%, with 1.74 million shares sold short, representing 0.75% of its float. This is lower than the peer group average of 1.85%. The decrease in short interest may indicate a more bullish sentiment towards Allstate.
October 18, 2024 | 5:30 pm
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Allstate's short interest has decreased by 10.71%, with 1.74 million shares sold short, representing 0.75% of its float. This is lower than the peer group average of 1.85%. The decrease in short interest may indicate a more bullish sentiment towards Allstate.
The decrease in short interest suggests that investors are less bearish on Allstate compared to its peers, which could lead to a positive short-term impact on its stock price. The lower short interest relative to peers indicates a more favorable market sentiment.
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