Peering Into Sumitomo Mitsui Finl Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sumitomo Mitsui Financial Group's (NYSE:SMFG) short percent of float has fallen 16.67% since its last report, with 3.51 million shares sold short, which is 0.05% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, SMFG has less short interest as a percentage of float, with an average of 1.05%.
July 31, 2023 | 5:00 pm
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Decrease in short interest could indicate a more bullish sentiment towards SMFG. However, it doesn't guarantee a rise in stock price 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 doesn't necessarily mean the stock price will rise in the near term. Compared to its peers, SMFG has less short interest, which could be seen as a positive sign by some investors.
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