How Is The Market Feeling About Citigroup?
Portfolio Pulse from Benzinga Insights
Citigroup's short percent of float has fallen 33.71% since its last report, with 22.29 million shares sold short, which is 1.16% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Citigroup. However, compared to its peers, Citigroup has a higher short interest as a percentage of float (0.90%).
August 23, 2023 | 6:00 pm
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Citigroup's short interest has decreased, potentially indicating a more bullish sentiment. However, its short interest is higher than its peers' average.
A decrease in short interest usually indicates a more bullish sentiment towards a stock. However, Citigroup's short interest is higher than its peers' average, which could mean that the market is more bearish on Citigroup compared to its peers. This mixed signal makes it difficult to predict the short-term price direction.
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