(WFC) - Analyzing Wells Fargo's Short Interest
Portfolio Pulse from Benzinga Insights
Wells Fargo's short percent of float has decreased by 10.59% since its last report, with 28.50 million shares sold short, representing 0.76% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Wells Fargo. Compared to its peers, Wells Fargo has less short interest as a percentage of float, with an average of 0.97%.
July 18, 2023 | 1:15 pm
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Wells Fargo's decrease in short interest could indicate a more bullish sentiment towards the company's stock. This, combined with the fact that it has less short interest compared to its peers, could potentially impact the stock positively in the short term.
Short interest is an indicator of market sentiment towards a particular stock. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price. Furthermore, having less short interest compared to its peers could make Wells Fargo more attractive to investors.
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