How Is The Market Feeling About U.S. Bancorp?
Portfolio Pulse from Benzinga Insights
U.S. Bancorp's (NYSE:USB) short percent of float has fallen 3.72% since its last report, with 40.25 million shares sold short, which is 2.59% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. However, U.S. Bancorp's short interest as a percentage of float is higher than its peer group average of 0.82%.
August 10, 2023 | 4:00 pm
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U.S. Bancorp's short interest has decreased, potentially indicating a more bullish sentiment. However, its short interest is higher than its peer group average.
A decrease in short interest usually indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. However, U.S. Bancorp's short interest is higher than its peer group average, which could indicate a more bearish sentiment compared to its peers. Therefore, the impact on the stock price is uncertain in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100