Looking Into Prudential Financial's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Prudential Financial's (NYSE:PRU) short percent of float has risen 6.32% since its last report, with 6.73 million shares sold short, which is 1.85% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Prudential Financial has less short interest as a percentage of float, which is 3.46% on average.
July 11, 2023 | 8:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Prudential Financial's short interest has increased, indicating a bearish market sentiment. However, it has less short interest compared to its peers.
The increase in short interest indicates that more investors are betting against Prudential Financial, which could put downward pressure on the stock price in the short term. However, the fact that its short interest is less than its peers could mean that it is less likely to be affected by a potential short squeeze.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100