Looking Into Itau Unibanco Holding's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Itau Unibanco Holding's (NYSE:ITUB) short percent of float has fallen 5.17% since its last report, with 26.54 million shares sold short, which is 0.55% 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, Itau Unibanco Holding has less short interest.
September 18, 2023 | 2:45 pm
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Decrease in short interest in Itau Unibanco Holding could indicate a more bullish sentiment towards the stock.
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. Therefore, the decrease in short interest in Itau Unibanco Holding could indicate a more bullish sentiment towards the stock, potentially leading to an increase in its stock price.
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