How Is The Market Feeling About Charles Schwab?
Portfolio Pulse from Benzinga Insights
Charles Schwab (NYSE:SCHW) has seen a decrease in short interest, with the short percent of float dropping 8.21% since the last report. The company has 20.44 million shares sold short, representing 1.23% of available shares. The average time to cover these short positions is 1.74 days. Short interest is a market sentiment indicator, and a decrease suggests investors may be more bullish on SCHW. Compared to its peers, SCHW has a lower short interest percentage of float, with the peer group average at 3.65%.
November 20, 2023 | 7:45 pm
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Charles Schwab's decrease in short interest could indicate a more bullish sentiment among investors, potentially leading to a positive short-term impact on the stock price.
A decrease in short interest typically suggests that investors are less bearish on a stock, which could lead to an increase in its price. Since Charles Schwab has a lower short interest compared to its peers, this might be perceived positively by the market, potentially leading to a short-term price increase.
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