Peering Into CME Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
CME Group's (NYSE:CME) short percent of float has decreased by 6.6% since its last report, with 3.54 million shares sold short, representing 0.99% of all regular shares available for trading. It would take traders approximately 2.96 days to cover their short positions based on current trading volume. The company's short interest is lower than the average of its peer group, which stands at 3.64%.
October 16, 2023 | 1:15 pm
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CME Group's short interest has decreased, indicating a potentially more bullish sentiment among traders. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is a measure of market sentiment. A decrease in short interest could indicate that traders are less bearish about the stock, potentially leading to less downward pressure on the stock price. However, many other factors also influence stock prices, so this does not necessarily mean the stock price will rise in the near term.
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