(JPM) - Analyzing JPMorgan Chase's Short Interest
Portfolio Pulse from Benzinga Insights
JPMorgan Chase's short percent of float has risen 9.38% since its last report, with 20.15 million shares sold short, which is 0.7% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, JPMorgan Chase has less short interest as a percentage of float, which is 0.76% on average.
October 24, 2023 | 4:30 pm
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JPMorgan Chase's short interest has increased, indicating a bearish sentiment among investors. However, its short interest is less than its peers' average.
The increase in short interest indicates that more investors are betting that JPMorgan Chase's stock price will fall. This could put downward pressure on the stock price in the short term. However, the fact that its short interest is less than its peers' average could indicate that it is less likely to fall than other stocks in its sector.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100