How Is The Market Feeling About XPO?
Portfolio Pulse from Benzinga Insights
XPO's short percent of float has decreased by 10.67%, with 5.26 million shares sold short, representing 5.19% of its float. This is higher than its peers' average of 4.39%. The decrease in short interest may indicate a more bullish sentiment towards XPO.
October 30, 2024 | 5:45 pm
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XPO's short interest has decreased by 10.67%, now at 5.19% of its float, which is higher than the peer average of 4.39%. This decrease may indicate a shift towards a more bullish market sentiment.
The decrease in short interest suggests that fewer investors are betting against XPO, which can be interpreted as a positive sign for the stock. The fact that XPO's short interest is still above the peer average indicates that there is still some bearish sentiment, but the reduction in short interest is a positive development.
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