Peering Into U.S. Bancorp's Recent Short Interest
Portfolio Pulse from Benzinga Insights
U.S. Bancorp (NYSE:USB) has seen a decrease in short interest, with the short percent of float falling 11.31% since the last report. The company has 23.12 million shares sold short, representing 1.49% of available shares, with a cover time of 1.76 days. This decline in short interest may indicate a more bullish sentiment among investors, although it does not necessarily predict a near-term price rise. U.S. Bancorp has a higher short interest than its peer group average of 0.79%.
December 29, 2023 | 1:45 pm
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U.S. Bancorp's short interest has decreased, which may suggest a more bullish sentiment among investors. However, this does not guarantee a rise in stock price in the short term.
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. However, the impact on the stock price is not certain and depends on broader market conditions and company performance.
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