Looking Into Bank of New York Mellon's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Bank of New York Mellon's (NYSE:BK) short percent of float has fallen 9.38% since its last report, with 6.88 million shares sold short, which is 0.87% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Bank of New York Mellon has less short interest as a percentage of float, with an average of 3.16%.
July 05, 2023 | 5:31 pm
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Bank of New York Mellon's short interest has decreased, potentially indicating a more bullish sentiment towards the stock. The bank also has less short interest compared to its peers.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term. Additionally, having less short interest compared to its peers could make the stock more attractive to investors.
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