Peering Into NatWest Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
NatWest Group's (NYSE:NWG) short percent of float has risen 12.5% since its last report, with 3.98 million shares sold short, which is 0.09% of all regular shares available for trading. It would take traders 3.44 days to cover their short positions on average. The company's short interest is less than its peer group average of 1.02%.
July 11, 2023 | 5:15 pm
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NatWest Group's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is still less than its peer group average.
An increase in short interest indicates that more traders are betting that the stock's price will fall. However, the fact that NatWest's short interest is less than its peer group average suggests that it is not as heavily shorted as other similar companies, which could limit the potential downside.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100