(USB) - Analyzing U.S. Bancorp's Short Interest
Portfolio Pulse from Benzinga Insights
U.S. Bancorp's (NYSE:USB) short percent of float has fallen 17.76% since its last report, with 33.13 million shares sold short, which is 2.13% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. However, compared to its peers, U.S. Bancorp has a higher short interest as a percentage of float (0.77%).
September 08, 2023 | 1:00 pm
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U.S. Bancorp's short interest has decreased, potentially indicating a more bullish sentiment. However, its short interest is higher than most of its peers.
A decrease in short interest can indicate a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. However, U.S. Bancorp's short interest is higher than most of its peers, which could indicate a higher level of uncertainty or bearish sentiment compared to other similar companies.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100