(C) - Analyzing Citigroup's Short Interest
Portfolio Pulse from Benzinga Insights
Citigroup's short percent of float has risen 24.11% since its last report, with 33.63 million shares sold short, which is 1.75% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. Citigroup's peer group average for short interest as a percentage of float is 0.95%, indicating the company has more short interest than most of its peers.
August 04, 2023 | 3:37 pm
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Citigroup's short interest has increased significantly, indicating a bearish sentiment among investors. This could potentially put downward pressure on the stock in the short term.
Short interest is a measure of how many shares are being sold short but have not yet been covered. An increase in short interest can indicate that investors are expecting the price of the stock to go down. In this case, Citigroup's short interest has risen 24.11% since its last report, which could indicate a bearish sentiment among investors. This could potentially put downward pressure on the stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100