(C) - Analyzing Citigroup's Short Interest
Portfolio Pulse from Benzinga Insights
Citigroup's short percent of float has risen 12.1% since its last report, with 26.70 million shares sold short, which is 1.39% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards the stock. Compared to its peers, Citigroup has more short interest as a percentage of float, with an average of 0.83%.
September 29, 2023 | 4:15 pm
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Citigroup's increased short interest indicates a bearish market sentiment, which could potentially impact the stock's price.
Short interest is the number of shares that have been sold short but have not yet been covered. An increase in short interest can indicate that investors have become more bearish on the stock, potentially leading to a decrease in the stock's price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100