Peering Into Charles Schwab's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Charles Schwab's (NYSE:SCHW) short percent of float has fallen 26.44% since its last report, with 21.18 million shares sold short, which is 1.28% of all regular shares available for trading. It would take traders 2.77 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.44%.
September 07, 2023 | 5:15 pm
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The decrease in short interest in Charles Schwab indicates a more bullish sentiment among traders, which could potentially lead to a rise in the stock's price in the short term.
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 a rise in the stock's price. Charles Schwab's short interest has decreased by 26.44%, indicating a more bullish sentiment among traders.
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