Peering Into NatWest Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
NatWest Group's (NYSE:NWG) short percent of float has risen 25.0% since its last report, with 4.28 million shares sold short, which is 0.1% of all regular shares available for trading. It would take traders 3.51 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 0.82%.
September 25, 2023 | 5:45 pm
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NatWest Group's short interest has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
The increase in short interest indicates that traders are expecting the price of NatWest Group's stock to fall. However, the fact that it has less short interest than most of its peers could mean that the bearish sentiment is not as strong as it is for other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100