(HSBC) - Analyzing HSBC Holdings's Short Interest
Portfolio Pulse from Benzinga Insights
HSBC Holdings (NYSE:HSBC) has seen a decrease in short interest, with the short percent of float dropping 11.11% since the last report. The current short interest is 9.42 million shares, or 0.24% of the float, with a short covering time of 3.77 days. This decline in short interest may indicate a more bullish sentiment among investors compared to the peer group average short interest of 0.84%.
November 20, 2023 | 1:30 pm
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POSITIVE IMPACT
HSBC Holdings's short interest has decreased, potentially indicating a more bullish sentiment among investors. With a lower short interest compared to its peers, HSBC may see less downward pressure from short sellers in the short term.
A decrease in short interest typically suggests that investors are less bearish on a stock, which could lead to less selling pressure and potentially a rise in the stock price. HSBC's lower short interest compared to its peers further supports this potential positive impact on the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100