Looking Into New York Community's Recent Short Interest
Portfolio Pulse from Benzinga Insights
New York Community (NYSE:NYCB) has seen a decrease in short interest, with the current level at 25.31 million shares or 3.98% of float, down 5.69% from the last report. It would take about 2.48 days to cover all short positions. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise. NYCB's short interest is below its peer group average of 4.41%.
December 08, 2023 | 5:30 pm
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NYCB's short interest has decreased, potentially indicating a more bullish sentiment among investors. The stock 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 the stock, which could reduce the likelihood of downward pressure from short selling. However, short interest is just one of many factors that can affect stock price, and the article does not guarantee a price rise.
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