How Is The Market Feeling About Sumitomo Mitsui Finl Gr?
Portfolio Pulse from Benzinga Insights
The short percent of float for Sumitomo Mitsui Finl Gr (NYSE:SMFG) has decreased by 20.0% since its last report, with 2.91 million shares currently sold short. This represents 0.04% of all regular shares available for trading. The company's short interest is lower than the average of its peer group, which stands at 0.82%.
September 13, 2023 | 1:30 pm
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POSITIVE IMPACT
The decrease in short interest for Sumitomo Mitsui Finl Gr could indicate a more bullish sentiment among investors, potentially leading to a positive impact on 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 an increase in the stock's price.
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