(ING) - Analyzing ING Groep's Short Interest
Portfolio Pulse from Benzinga Insights
ING Groep's (NYSE:ING) short interest has increased by 22.22% since the last report, with 3.96 million shares sold short, representing 0.11% of available shares. It would take about 1 day to cover all short positions. The rise in short interest can indicate bearish market sentiment, but ING has less short interest compared to its peers, with an average of 0.88% in the peer group. This change in short interest does not necessarily predict a near-term price drop.
December 01, 2023 | 7:45 pm
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NEUTRAL IMPACT
ING Groep's short interest has risen by 22.22%, indicating a potential increase in bearish sentiment among investors. However, with short interest below the peer average, the impact may be muted.
While the increase in short interest suggests that some investors are expecting the price of ING's stock to fall, the fact that it is still below the peer average means the sentiment is not overwhelmingly negative. The short-term impact on the stock price is likely to be neutral, as the market has already absorbed this information and the short interest is relatively small compared to the total float.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80