How Is The Market Feeling About ING Groep?
Portfolio Pulse from Benzinga Insights
ING Groep (NYSE:ING) has seen an 18.18% increase in short interest since its last report, with 4.72 million shares sold short, representing 0.13% of available shares. It would take about 2.36 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. ING has less short interest compared to its peer group average of 0.83%.
December 21, 2023 | 3:45 pm
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ING Groep has experienced an increase in short interest, which may suggest bearish market sentiment but does not guarantee a decline in stock price in the short term.
While the rise in short interest for ING Groep indicates that some investors are expecting the stock price to fall, it is not a definitive predictor of immediate stock performance. The short interest is still below the peer group average, and the market can interpret high short interest in various ways, sometimes even as a bullish sign if investors expect a short squeeze.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 100