Peering Into Bank of America's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Bank of America's (NYSE:BAC) short percent of float has risen 14.47% since its last report, with 59.91 million shares sold short, which is 0.87% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, it's worth noting that an increase in short interest can also be bullish for a stock.
October 16, 2023 | 1:30 pm
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The increase in short interest in Bank of America's shares could indicate a bearish sentiment among investors. However, it could also be a bullish sign.
The rise in short interest in Bank of America's shares indicates that more investors are betting that the stock's price will fall. However, this could also be a bullish sign as it could lead to a short squeeze, where the stock's price rises as short sellers buy back shares to cover their positions.
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