Brookfield’s BN short percent of float has increased by 11.67% since the last report. The company has recently reported that it has 19.82 million shares sold short, which represents 1.34% of all regular shares available for trading. Based on the trading volume, it would take traders an average of 9.88 days to cover their short positions.
Why Short Interest Matters
Short interest refers to the number of shares that have been sold short but have not yet been covered or closed out. Short selling occurs when a trader sells shares of a company that they do not own, hoping that the price will decrease. Traders profit from short selling if the stock price falls, but lose if it rises.
Tracking short interest is important because it can serve as an indicator of market sentiment towards a particular stock. An increase in short interest can indicate a more bearish outlook from investors, while a decrease can signal a more bullish sentiment.
See Also: List of the most shorted stocks
Brookfield Short Interest Graph (3 Months)
As shown in the above chart, the percentage of shares sold short for Brookfield has increased since the last report. This does not necessarily mean that the stock will decline in the near future, but traders should be aware that more shares are being shorted.
Comparing Brookfield’s Short Interest Against Its Peers
Comparing a company’s short interest to that of its peers is a popular technique used by analysts and investors to assess its performance. A peer group refers to other companies with similar characteristics, such as industry, size, age, and financial structure. The peer group can be identified by examining the company’s 10-K, proxy filing, or conducting a similarity analysis.
According to Benzinga Pro, the average short interest as a percentage of float for Brookfield’s peer group is 3.01%. This means that Brookfield has lower short interest compared to most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? This post by Benzinga Money explains how you can profit from it.
This article was generated by Benzinga’s automated content engine and was reviewed by an editor.