How Is The Market Feeling About Bank of New York Mellon?
Portfolio Pulse from Benzinga Insights
The short percent of float for Bank of New York Mellon (NYSE:BK) has decreased by 4.17% since its last report, with 5.36 million shares sold short, representing 0.69% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Bank of New York Mellon has less short interest as a percentage of float, with an average of 3.13%.
September 07, 2023 | 4:00 pm
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Decrease in short interest could indicate a more bullish sentiment towards Bank of New York Mellon.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price.
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