(BAC) - Analyzing Bank of America's Short Interest
Portfolio Pulse from Benzinga Insights
Bank of America's (NYSE:BAC) short percent of float has risen 3.37% since its last report, with 63.53 million shares sold short, which is 0.92% of all regular shares available for trading. This is higher than the average short interest of its peer group, which is 0.78%. Short interest can act as an indicator of market sentiment towards a stock.
November 07, 2023 | 8:15 pm
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Bank of America's short interest has increased, indicating a potentially bearish market sentiment.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish on the stock. As Bank of America's short interest has increased, this could potentially indicate a bearish sentiment towards the stock in the short term.
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