How Is The Market Feeling About Sumitomo Mitsui Finl Gr?
Portfolio Pulse from Benzinga Insights
Sumitomo Mitsui Financial Group's (NYSE:SMFG) short interest has decreased by 20%, with 2.93 million shares sold short, representing 0.04% of available shares. The average time to cover these short positions is 1.46 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. SMFG has less short interest compared to its peer group average of 0.85%.
November 13, 2023 | 4:30 pm
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SMFG's short interest has decreased, which may suggest a more bullish market sentiment towards the stock in the short term.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a potential increase in its price in the short term. However, the article also suggests that this does not necessarily mean the stock will rise, so while the sentiment is more positive, the impact is not guaranteed.
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