Looking Into ING Groep's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ING Groep's (NYSE:ING) short interest has increased by 28.57% since the last report, with 3.30 million shares sold short, representing 0.09% of available shares. It would take about 1 day to cover all short positions. While this rise in short interest could indicate bearish sentiment, it is lower than the peer group average of 0.85% short interest as a percentage of float.
November 14, 2023 | 4:45 pm
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ING Groep's short interest has risen, which may suggest bearish market sentiment. However, the level is below the peer group average, indicating less bearish sentiment compared to peers.
The increase in short interest for ING Groep suggests that some investors are expecting the price to fall, which could lead to negative pressure on the stock price in the short term. However, since the short interest is below the peer average, it may not be as significant a bearish indicator as it would be if the short interest were higher than the peer average. The short-term impact is likely to be neutral because the information is not conclusive enough to determine a clear price direction.
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IMPORTANCE 60
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