Looking Into Wells Fargo's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Wells Fargo's (NYSE:WFC) short percent of float has risen 9.21% since its last report, with 30.26 million shares sold short, which is 0.83% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. Compared to its peers, Wells Fargo has less short interest as a percentage of float, with the average being 0.92%.
August 16, 2023 | 8:15 pm
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Wells Fargo's short interest has increased, indicating a bearish market sentiment. However, it has less short interest than its peers.
The increase in short interest indicates that more investors are betting that Wells Fargo's stock price will fall. However, compared to its peers, Wells Fargo has less short interest, which could mean that it is performing better than its peers in the eyes of investors.
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