How Is The Market Feeling About Citigroup?
Portfolio Pulse from Benzinga Insights
Citigroup's short percent of float has risen 12.1% since its last report, with 26.70 million shares sold short, which is 1.39% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. Citigroup's peer group average for short interest as a percentage of float is 0.83%, indicating the company has more short interest than most of its peers.
October 17, 2023 | 3:15 pm
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Citigroup's short percent of float has risen 12.1%, indicating a bearish sentiment among investors. The company has more short interest than most of its peers.
The increase in Citigroup's short percent of float indicates that investors are expecting the stock price to fall. This bearish sentiment, coupled with the fact that Citigroup has more short interest than most of its peers, could put downward pressure on the stock price in the short term.
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