Peering Into Banco Santander's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Banco Santander's (NYSE:SAN) short percent of float has fallen 16.67% since its last report, with 8.63 million shares sold short, which is 0.05% of all regular shares available for trading. It would take traders 3.07 days to cover their short positions on average. The company's short interest is less than its peer group average of 1.02%.
July 12, 2023 | 7:15 pm
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Banco Santander's short interest has decreased, indicating a potentially more bullish sentiment towards the stock. However, it's important to note that this doesn't necessarily mean the stock will rise in the near term.
A decrease in short interest can signal that investors have become more bullish, meaning they expect the stock price to rise. However, this is not a guarantee and other factors could influence the stock's performance. Banco Santander's short interest is also less than its peer group average, which could be seen as a positive sign.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100