Peering Into Itau Unibanco Holding's Recent 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 increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Itau Unibanco Holding's short interest as a percentage of float is less, with an average of 0.76%.
October 23, 2023 | 7:00 pm
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Itau Unibanco Holding's short interest has increased, indicating a bearish market sentiment. However, its short interest is less than its peers, which could be a positive sign.
An increase in short interest usually indicates a bearish sentiment towards the stock. However, Itau Unibanco Holding's short interest is less than its peers, which could mean that the market is less bearish on ITUB compared to its peers. This could potentially limit the downside risk for the stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100