Peering Into AECOM's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AECOM's short interest has increased by 40.93%, with 3.08 million shares sold short, representing 3.03% of its float. This is below the peer group average of 5.45%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 18, 2024 | 6:30 pm
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AECOM's short interest has increased significantly, indicating potential bearish sentiment. However, its short interest is still below the peer average, suggesting less bearishness compared to peers.
The significant increase in short interest suggests that traders are more bearish on AECOM. However, since its short interest is below the peer average, it indicates that the bearish sentiment is not as strong as for its peers. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100