(JPM) - Analyzing JPMorgan Chase's Short Interest
Portfolio Pulse from Benzinga Insights
JPMorgan Chase's short percent of float has risen 9.38% since its last report, with 20.15 million shares sold short, which is 0.7% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards the stock. However, compared to its peers, JPMorgan Chase has less short interest.
October 03, 2023 | 1:30 pm
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Increased short interest in JPMorgan Chase indicates a bearish market sentiment, which could potentially lead to a decrease in the stock's price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish, which could potentially lead to a decrease in the stock's price. However, it's important to note that JPMorgan Chase has less short interest compared to its peers, which could mitigate some of the potential negative impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100