(JPM) - Analyzing JPMorgan Chase's Short Interest
Portfolio Pulse from Benzinga Insights
JPMorgan Chase's short percent of float has risen 14.04% since its last report, with 18.77 million shares sold short, which is 0.65% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards the stock. However, compared to its peers, JPMorgan Chase has less short interest as a percentage of float, which is 1.02% on average.
August 09, 2023 | 2:15 pm
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JPMorgan Chase's short interest has increased, indicating a bearish sentiment. However, it has less short interest compared to its peers.
The increase in short interest indicates that more investors are betting against JPMorgan Chase, which could put downward pressure on the stock price in the short term. However, the fact that JPMorgan Chase has less short interest compared to its peers could mean that it is less likely to experience a significant drop in price compared to other companies in the same sector.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100