How Is The Market Feeling About NatWest Group?
Portfolio Pulse from Benzinga Insights
NatWest Group (NYSE:NWG) has seen a 20% increase in short interest since the last report, with 2.54 million shares sold short, representing 0.06% of available shares. It would take about 1.61 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Compared to its peers, NWG has a lower short interest as a percentage of float (0.06% vs. peer average of 0.84%).
December 15, 2023 | 6:00 pm
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NEUTRAL IMPACT
NatWest Group's short interest has increased, which may indicate bearish sentiment among investors. However, the level is below the peer average, suggesting less negative sentiment compared to similar companies.
The increase in short interest suggests that some investors are expecting the price of NWG to fall, which could lead to negative pressure on the stock price in the short term. However, since the short interest is lower than its peers, it may not be a strong bearish signal. The impact is considered neutral due to the lack of a clear direction from the short interest data alone.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80