(TFC) - Analyzing Truist Finl's Short Interest
Portfolio Pulse from Benzinga Insights
Truist Finl's (NYSE:TFC) short percent of float has fallen 27.7% since its last report, with 20.42 million shares sold short, which is 1.54% of all regular shares available for trading. It would take traders 1.92 days to cover their short positions on average. Compared to its peers, Truist Finl has less short interest as a percentage of float, which is 4.80% on average.
August 31, 2023 | 6:30 pm
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Truist Finl's short percent of float has decreased, indicating a potentially bullish sentiment among traders. However, it's important to note that this doesn't necessarily mean the stock will rise in the near term.
A decrease in short interest can signal that investors have become more bullish, meaning they expect the stock's price to rise. However, this is not a guarantee and other factors should also be considered when making investment decisions.
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IMPORTANCE 70
RELEVANCE 100