(CME) - Analyzing CME Gr's Short Interest
Portfolio Pulse from Benzinga Insights
CME Group's short percent of float has decreased by 5.36% since its last report, with 3.79 million shares sold short, representing 1.06% of all regular shares available for trading. It would take traders 2.83 days on average to cover their short positions. The company's short interest is less than its peer group average of 3.74%.
September 22, 2023 | 1:30 pm
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CME Group's short interest has decreased, indicating a potentially more bullish market sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest suggests that investors are less bearish about the stock, which could potentially lead to an increase in the stock price. However, other factors also influence stock prices, so this does not guarantee a price rise.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100