How Is The Market Feeling About Bank of America?
Portfolio Pulse from Benzinga Insights
Bank of America's (NYSE:BAC) short percent of float has fallen 25.96% since its last report, with 53.27 million shares sold short, which is 0.77% 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, Bank of America has less short interest as a percentage of float, with an average of 0.85%.
August 31, 2023 | 5:30 pm
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The decrease in short interest for Bank of America could indicate a more bullish sentiment towards the stock, potentially leading to a positive impact on its price in the short term.
Short interest is an indicator of market sentiment. A decrease in short interest often signals a more bullish sentiment, which could lead to an increase in the stock's price. As such, the decrease in short interest for Bank of America could potentially have a positive impact on its price in the short term.
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IMPORTANCE 75
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