Peering Into Wells Fargo's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Wells Fargo's (NYSE:WFC) short percent of float has fallen 3.61% since its last report, with 29.30 million shares sold short, which is 0.8% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Wells Fargo has less short interest as a percentage of float, with the average being 0.85%.
September 08, 2023 | 7:15 pm
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Wells Fargo's short interest has decreased, which could indicate a more bullish sentiment towards the stock. The bank's short interest is also lower than its peers' average.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer investors are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term. Furthermore, Wells Fargo's short interest is lower than its peers' average, which could make it more attractive to investors.
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