How Is The Market Feeling About CME Gr?
Portfolio Pulse from Benzinga Insights
CME Group's (NYSE:CME) short percent of float has risen 7.21% since its last report, with 4.25 million shares sold short, representing 1.19% of all regular shares available for trading. It would take traders 3.4 days on average to cover their short positions. An increase in short interest can indicate a bearish market sentiment. However, CME Group's short interest as a percentage of float is less than its peer group average of 4.43%.
August 04, 2023 | 2:16 pm
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CME Group's short interest has increased, indicating a potentially bearish sentiment. However, its short interest is less than its peer group average, which could be a positive sign.
The increase in short interest could indicate a bearish sentiment towards CME Group, which could potentially put downward pressure on the stock. However, the fact that its short interest is less than its peer group average could be seen as a positive sign, as it suggests that traders are less bearish on CME Group compared to its peers. Therefore, the net impact on the stock is uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100