(DFS) - Analyzing Discover Finl's Short Interest
Portfolio Pulse from Benzinga Insights
Discover Financial Services' (NYSE:DFS) short percent of float has fallen 7.69% since its last report, with 5.12 million shares sold short, which is 2.4% of all regular shares available for trading. It would take traders 3.41 days to cover their short positions on average. The company's short interest is less than its peer group average of 8.57%.
July 26, 2023 | 3:00 pm
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Discover Financial's short interest has decreased, indicating a potentially more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock. However, this does not necessarily mean the stock price will rise in the near term. It's also worth noting that Discover Financial's short interest is less than its peer group average, which could be a positive sign.
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