Looking Into Capital One Finl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Capital One Financial's (NYSE:COF) short percent of float has risen 10.68% since its last report, with 8.62 million shares sold short, which is 2.28% of all regular shares available for trading. It would take traders 3.82 days to cover their short positions on average. The company's short interest is less than its peer group average of 7.57%.
October 25, 2023 | 2:00 pm
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Capital One Financial's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
An increase in short interest indicates that more traders are betting that the stock's price will fall. However, the fact that Capital One's short interest is less than its peer group average suggests that it may be less vulnerable to a price drop than other similar companies.
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IMPORTANCE 75
RELEVANCE 100