(SCHW) - Analyzing Charles Schwab's Short Interest
Portfolio Pulse from Benzinga Insights
Charles Schwab's (NYSE:SCHW) short percent of float has risen 11.11% since its last report, with 21.48 million shares sold short, which is 1.3% of all regular shares available for trading. It would take traders 2.1 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Charles Schwab's peer group average for short interest as a percentage of float is 3.67%, which means the company has less short interest than most of its peers.
October 11, 2023 | 4:00 pm
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Charles Schwab's short interest has increased, indicating a bearish sentiment among investors. However, it has less short interest than most of its peers, which could be a positive sign.
An increase in short interest usually indicates a bearish sentiment among investors, which could potentially lead to a decrease in the stock price. However, Charles Schwab has less short interest than most of its peers, which could be interpreted as a positive sign. Therefore, the impact on the stock price could be mixed in the short term.
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IMPORTANCE 75
RELEVANCE 100