(HSBC) - Analyzing HSBC Holdings's Short Interest
Portfolio Pulse from Benzinga Insights
HSBC Holdings' short percent of float has risen 30.43% since its last report, with 11.66 million shares sold short, which is 0.3% of all regular shares available for trading. It would take traders 6.57 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 0.81%.
September 13, 2023 | 7:00 pm
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HSBC's short interest has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers, which could be a positive sign.
An increase in short interest usually indicates a bearish sentiment among traders, as they expect the stock price to fall. However, HSBC has less short interest than most of its peers, which could mean that it is less likely to experience a significant price drop due to short selling. This could potentially be a positive sign for the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100