Peering Into MetLife's Recent Short Interest
Portfolio Pulse from Benzinga Insights
MetLife's (NYSE:MET) short percent of float has risen 4.05% since its last report, with 9.67 million shares sold short, which is 1.54% of all regular shares available for trading. It would take traders 2.49 days to cover their short positions on average. The company's short interest is less than its peer group average of 2.61%.
September 27, 2023 | 1:15 pm
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Increased short interest in MetLife indicates a bearish sentiment among traders, but it's less than its peer group average.
The rise in short interest indicates that traders are expecting the price of MetLife's stock to fall. However, the fact that MetLife's short interest is less than its peer group average could mean that the bearish sentiment is not as strong as it is for other companies in the same sector.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100