How Is The Market Feeling About Truist Finl?
Portfolio Pulse from Benzinga Insights
Truist Finl's (NYSE:TFC) short percent of float has fallen 19.32% since its last report, with 28.29 million shares sold short, which is 2.13% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Truist Finl has less short interest as a percentage of float, with an average of 5.13%.
August 14, 2023 | 8:30 pm
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Truist Finl's short interest has decreased, potentially indicating a more bullish sentiment towards the stock. The company's short interest is also lower than its peers' average.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term. Additionally, Truist Finl's short interest is lower than its peers' average, which could make it more attractive to investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100