Peering Into Charles Schwab's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Charles Schwab (NYSE:SCHW) has seen a 7.5% increase in short interest since its last report, with 21.41 million shares sold short, representing 1.29% of its float. It would take about 2.31 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it's not a definitive predictor of a stock's direction. Compared to its peers, SCHW has a lower short interest as a percentage of float, with the peer group average at 4.58%.
December 20, 2023 | 7:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Charles Schwab's short interest has increased, which may indicate bearish sentiment, but the company's short interest is still below the peer group average. This could lead to increased volatility in the short term.
The rise in short interest for SCHW suggests that some investors are expecting the price to fall, which could lead to short-term downward pressure on the stock. However, since the short interest is lower than its peers, it may not be a strong bearish signal. The impact is likely to be moderate as the market absorbs this information and balances it with other factors affecting the stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80