Peering Into U.S. Bancorp's Recent Short Interest
Portfolio Pulse from Benzinga Insights
U.S. Bancorp's (NYSE:USB) short percent of float has risen 7.35% since its last report, with 40.30 million shares sold short, which is 2.63% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. U.S. Bancorp's peer group average for short interest as a percentage of float is 0.87%, indicating the company has more short interest than most of its peers.
July 25, 2023 | 6:30 pm
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U.S. Bancorp's short percent of float has risen 7.35%, indicating a bearish sentiment among investors. The company has more short interest than most of its peers.
The increase in short interest indicates that more investors are betting that the price of U.S. Bancorp's stock will fall. This bearish sentiment could put downward pressure on the stock price in the short term. Furthermore, the fact that U.S. Bancorp has more short interest than most of its peers suggests that it is being viewed more negatively than other similar companies.
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