How Is The Market Feeling About Citigroup?
Portfolio Pulse from Benzinga Insights
Citigroup (NYSE:C) has seen a 5.78% decrease in short interest since its last report, with 31.19 million shares sold short, representing 1.63% of its float. The average time to cover these short positions is 2.25 days. A decrease in short interest can indicate a more bullish sentiment towards the stock, although it does not guarantee a price rise. Citigroup has a higher short interest than its peer group average of 0.75%.
December 22, 2023 | 3:15 pm
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Citigroup's short interest has decreased, which may suggest a more bullish sentiment among investors. However, the stock's movement is not guaranteed to rise and will depend on broader market conditions.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a potential increase in its price in the short term. However, this is not a definitive predictor of stock movement, and other market factors will also play a role.
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