Looking Into Bank of New York Mellon's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Bank of New York Mellon's (NYSE:BK) short percent of float has risen 7.04% since its last report, with 5.93 million shares sold short, which is 0.76% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Bank of New York Mellon has less short interest.
September 29, 2023 | 4:15 pm
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Bank of New York Mellon's short interest has increased, indicating a bearish market sentiment. However, it has less short interest compared to its peers.
The increase in short interest indicates that more investors are betting that the price of Bank of New York Mellon's stock will fall. This could put downward pressure on the stock price in the short term. However, the fact that it has less short interest compared to its peers could mitigate this effect.
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IMPORTANCE 75
RELEVANCE 100