Peering Into Capital One Finl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Capital One Financial's (NYSE:COF) short percent of float has risen 13.19% since its last report, with 7.79 million shares sold short, which is 2.06% of all regular shares available for trading. It would take traders 4.38 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, compared to its peers, Capital One has less short interest.
September 20, 2023 | 4:00 pm
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Capital One Financial's short interest has increased, indicating a potentially bearish sentiment among investors. However, its short interest is less than most of its peers.
An increase in short interest often indicates a bearish sentiment among investors, as they expect the stock price to fall. However, the fact that Capital One's short interest is less than most of its peers could mean that the bearish sentiment is not as strong for Capital One as it is for other companies in the same sector.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100