Looking Into Charles Schwab's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Charles Schwab's (NYSE:SCHW) short percent of float has risen 10.14% since its last report, with 27.09 million shares sold short, which is 1.63% of all regular shares available for trading. It would take traders 2.92 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Charles Schwab's peer group average for short interest as a percentage of float is 4.04%, which means the company has less short interest than most of its peers.
August 04, 2023 | 9:39 am
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Charles Schwab's short interest has increased, indicating a bearish sentiment among investors. However, its short interest is less than its peer group average.
An increase in short interest often indicates a bearish sentiment among investors, which could potentially lead to a decrease in the stock's price. However, Charles Schwab's short interest is less than its peer group average, which could mitigate some of the potential negative impact.
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