Looking Into Discover Finl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Discover Financial Services (NYSE:DFS) has seen a 14.2% increase in its short percent of float since its last report, with 7.86 million shares sold short, representing 3.62% of all regular shares available for trading. It would take traders 3.73 days to cover their short positions on average. The increase in short interest could indicate a bearish market sentiment towards DFS. However, compared to its peers, DFS has less short interest as a percentage of float, with the average being 10.00%.
July 06, 2023 | 8:01 pm
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Discover Financial Services has seen an increase in short interest, which could indicate a bearish sentiment. However, its short interest is less than the average of its peers.
The increase in short interest for Discover Financial Services could indicate that traders are expecting the stock price to fall. However, the fact that its short interest is less than the average of its peers could mean that the bearish sentiment is not as strong for DFS as it is for other companies in the same sector.
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IMPORTANCE 75
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