Looking Into Wells Fargo's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Wells Fargo's (NYSE:WFC) short percent of float has fallen 6.58% since its last report, with 25.61 million shares sold short, which is 0.71% of all regular shares available for trading. This is less than the average short interest of its peer group, which is 0.79%. Short interest can act as an indicator of market sentiment towards a particular stock.
November 07, 2023 | 2:00 pm
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Wells Fargo's short interest has decreased, indicating a potential shift in market sentiment.
A decrease in short interest can signal that investors have become more bullish on a stock. As such, the decrease in short interest for Wells Fargo could indicate a potential increase in its stock price in the short term.
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