(C) - Analyzing Citigroup's Short Interest
Portfolio Pulse from Benzinga Insights
Citigroup's short percent of float has risen 7.63% since its last report, with 27.01 million shares sold short, which is 1.41% of all regular shares available for trading. This indicates that more traders are betting on the stock's price to fall. However, this does not necessarily mean that the stock will fall in the near term. Compared to its peers, Citigroup has a higher short interest as a percentage of float, which stands at 0.75% on average.
November 07, 2023 | 8:45 pm
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Citigroup's short interest has increased, indicating a bearish sentiment among traders. However, this does not necessarily mean the stock price will fall in the near term.
An increase in short interest indicates that more traders are betting on the stock's price to fall. However, this is not a definitive indicator of a stock's future performance. It's also worth noting that Citigroup's short interest is higher than its peers, which could be a sign of increased bearish sentiment specifically towards Citigroup.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100