Looking Into Prudential Financial's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Prudential Financial's (NYSE:PRU) short percent of float has risen 7.32% since its last report, with 4.78 million shares sold short, which is 1.32% of all regular shares available for trading. It would take traders 2.97 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 2.61%.
October 26, 2023 | 4:45 pm
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Prudential Financial's short interest has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers, which could be a positive sign.
An increase in short interest usually indicates a bearish sentiment among traders, as they expect the stock price to fall. However, Prudential Financial has less short interest than most of its peers, which could mean that traders are less bearish on PRU compared to its peers. This could potentially limit the downside risk for PRU in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100