(ITUB) - Analyzing Itau Unibanco Holding's Short Interest
Portfolio Pulse from Benzinga Insights
Itau Unibanco Holding's (NYSE:ITUB) short percent of float has risen 7.27% since its last report, with 28.53 million shares sold short, which is 0.59% of all regular shares available for trading. This does not necessarily mean the stock will fall in the near-term, but traders should be aware that more shares are being shorted. Compared to its peers, Itau Unibanco has less short interest.
October 05, 2023 | 8:15 pm
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NEUTRAL IMPACT
Itau Unibanco Holding's short interest has increased, indicating a potential bearish sentiment among traders. However, the company has less short interest compared to its peers.
An increase in short interest can indicate a bearish sentiment among traders, as they expect the stock price to fall. However, this is not a definitive indicator of a stock's future performance. Itau Unibanco's short interest is less than its peers, which could mean that traders are less bearish on ITUB compared to other similar companies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100