(HSBC) - Analyzing HSBC Holdings's Short Interest
Portfolio Pulse from Benzinga Insights
HSBC Holdings (NYSE:HSBC) has seen a 5.26% increase in short interest since the last report, with 7.97 million shares sold short, representing 0.2% of available shares. It would take about 4.28 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a price drop. HSBC's short interest is below its peer group average of 0.83%.
December 27, 2023 | 7:45 pm
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HSBC Holdings has experienced an increase in short interest, which could be a bearish signal. However, the level is below the peer group average, suggesting less bearish sentiment compared to its peers.
The increase in short interest may suggest that some investors are expecting the price of HSBC shares to decline. However, since the short interest is still below the peer average, it does not strongly indicate a widespread bearish sentiment. The impact on the stock price is uncertain, hence a neutral score is given.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 100