How Is The Market Feeling About Prudential Financial?
Portfolio Pulse from Benzinga Insights
Prudential Financial's (NYSE:PRU) short percent of float has fallen 10.22% since its last report, indicating a more bullish sentiment towards the stock. The company has 4.46 million shares sold short, which is 1.23% of all regular shares available for trading. Compared to its peers, Prudential Financial has less short interest.
September 21, 2023 | 6:45 pm
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Decrease in short interest suggests a more bullish sentiment towards Prudential Financial. This could potentially lead to an increase in the stock price.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest indicates that fewer traders are betting on the stock's price to fall, which can be a bullish signal. Given that Prudential Financial's short interest is lower than most of its peers, this could potentially lead to an increase in the stock price.
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