Peering Into Citigroup's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Citigroup's short percent of float has risen 4.44% since its last report, with 27.45 million shares sold short, which is 1.41% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. Citigroup's peer group average for short interest as a percentage of float is 0.94%, indicating the company has more short interest than most of its peers.
July 06, 2023 | 1:02 pm
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Citigroup's short interest has increased, indicating a bearish sentiment among investors. This could potentially put downward pressure on the stock in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish on a stock, potentially putting downward pressure on its price. Citigroup's short interest has risen 4.44% since its last report, which could indicate a bearish sentiment among investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100