How Is The Market Feeling About HSBC Holdings?
Portfolio Pulse from Benzinga Insights
HSBC Holdings (NYSE:HSBC) has seen a 20.83% decrease in short interest, with 7.55 million shares sold short, representing 0.19% of available shares. The current short interest is below the peer group average of 0.88%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise.
December 11, 2023 | 5:30 pm
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HSBC Holdings has experienced a significant decrease in short interest, suggesting a more bullish market sentiment towards the stock.
The decrease in short interest for HSBC Holdings indicates that traders are less bearish on the stock, which could lead to a potential increase in its price in the short term. However, the article also cautions that this does not guarantee a near-term price rise, hence the importance is moderate and the confidence in the impact is not absolute.
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