How Is The Market Feeling About Truist Finl?
Portfolio Pulse from Benzinga Insights
Truist Finl's (NYSE:TFC) short percent of float has risen 11.0% since its last report, with 14.74 million shares sold short, which is 1.11% of all regular shares available for trading. It would take traders 1.46 days to cover their short positions on average. The company's short interest is less than its peer group average of 4.55%.
November 07, 2023 | 8:15 pm
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Truist Finl's short percent of float has increased, indicating a bearish sentiment. However, its short interest is less than its peer group average.
An increase in short interest can indicate a bearish sentiment towards a stock. However, Truist Finl's short interest is less than its peer group average, which could mean that the market is less bearish on TFC compared to its peers.
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