Peering Into Avery Dennison's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Avery Dennison's short interest has increased by 12.55%, with 2.02 million shares sold short, representing 2.87% of its float. This is below the peer average of 4.88%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
October 21, 2024 | 2:15 pm
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Avery Dennison's short interest has increased by 12.55%, with 2.02 million shares sold short, representing 2.87% of its float. This is below the peer average of 4.88%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest indicates a bearish sentiment among investors, which could lead to downward pressure on the stock price. However, since the short interest is still below the peer average, the impact might be limited. The market sentiment is a key factor, and the increased short interest suggests caution.
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IMPORTANCE 70
RELEVANCE 100