Looking Into Bank of New York Mellon's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Bank of New York Mellon's (NYSE:BK) short percent of float has fallen 5.75% since its last report, with 6.46 million shares sold short, which is 0.82% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Bank of New York Mellon has less short interest.
July 21, 2023 | 2:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Bank of New York Mellon's short interest has decreased, which could indicate a more bullish sentiment towards the stock. This could potentially lead to an increase in the stock's price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. 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. Given that Bank of New York Mellon's short interest has decreased, this could indicate a more bullish sentiment towards the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100