How Is The Market Feeling About Sumitomo Mitsui Finl Gr?
Portfolio Pulse from Benzinga Insights
The short percent of float for Sumitomo Mitsui Finl Gr (NYSE:SMFG) has risen 25.0% since its last report, with 3.54 million shares sold short. This represents 0.05% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment towards a stock. However, compared to its peers, SMFG has less short interest as a percentage of float, which is 1.02% on average.
July 12, 2023 | 7:15 pm
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NEUTRAL IMPACT
The increase in short interest for Sumitomo Mitsui Finl Gr could indicate a bearish sentiment towards the stock. However, compared to its peers, SMFG has less short interest, which could be a positive sign.
An increase in short interest can indicate a bearish sentiment towards a stock, which could potentially lead to a decrease in its price. However, the fact that SMFG has less short interest compared to its peers could mean that the market is less bearish on SMFG than on other similar companies. This could potentially have a positive impact on SMFG's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100