(TFC) - Analyzing Truist Finl's Short Interest
Portfolio Pulse from Benzinga Insights
Truist Finl's (NYSE:TFC) short percent of float has fallen 25.97% since its last report, with 15.10 million shares sold short, which is 1.14% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Truist Finl has less short interest as a percentage of float, with an average of 4.63%.
September 18, 2023 | 7:15 pm
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Truist Finl's short interest has decreased, which could indicate a more bullish sentiment towards the stock. The company'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 traders 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. Additionally, having a lower short interest than its peers could make Truist Finl more attractive to investors.
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