Peering Into Itau Unibanco Holding's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Itau Unibanco Holding's (NYSE:ITUB) short percent of float has risen 8.0% since its last report, with 26.01 million shares sold short, which is 0.54% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Itau Unibanco Holding has less short interest as a percentage of float (0.99%).
July 11, 2023 | 5:45 pm
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The increase in short interest in Itau Unibanco Holding indicates a bearish sentiment among investors. However, the company's short interest is less than its peers' average, which could be a positive sign.
The rise in short interest indicates that more investors are betting against Itau Unibanco Holding, which could put downward pressure on the stock price in the short term. However, the fact that the company's short interest is less than its peers' average could mean that it is less likely to be affected by a potential market downturn compared to its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100