Peering Into Charles Schwab's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Charles Schwab's (NYSE:SCHW) short percent of float has decreased by 8.59% since its last report, with 19.44 million shares sold short, representing 1.17% of all regular shares available for trading. This decrease in short interest could indicate a more bullish sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Charles Schwab has less short interest, with an average of 3.66% for its peer group.
September 25, 2023 | 6:45 pm
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Charles Schwab's short interest has decreased, potentially indicating a more bullish sentiment. However, this does not guarantee a rise in stock price in the near term.
A decrease in short interest can indicate a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. However, this does not necessarily mean that the stock price will rise in the near term, as other factors can also influence stock price movements. Compared to its peers, Charles Schwab has less short interest, which could be seen as a positive sign by some investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100