(WFC) - Analyzing Wells Fargo's Short Interest
Portfolio Pulse from Benzinga Insights
Wells Fargo's (NYSE:WFC) short percent of float has risen 7.5% since its last report, with 31.46 million shares sold short, which is 0.86% of all regular shares available for trading. This is higher than the average short interest of its peer group, which is 0.78%. Short interest can act as an indicator of market sentiment towards a stock.
September 25, 2023 | 3:45 pm
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Wells Fargo's short interest has increased, indicating a potentially bearish market sentiment.
An increase in short interest can signal that investors have become more bearish on a stock. With Wells Fargo's short interest rising 7.5%, this could indicate a bearish sentiment towards the stock in the short term.
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