How Is The Market Feeling About Fiserv?
Portfolio Pulse from Benzinga Insights
Fiserv (NYSE: FISV) has seen a decrease in short interest, with the short percent of float dropping 6.86% since the last report. The company has 5.66 million shares sold short, which is 0.95% of available shares, with a cover time of 1.69 days based on trading volume. This decline in short interest may indicate a more bullish sentiment towards Fiserv compared to its peers, which have an average short interest of 6.03% of float.
December 29, 2023 | 1:45 pm
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Fiserv's short interest has decreased, suggesting a potentially more bullish sentiment among investors. With a lower short interest compared to its peers, Fiserv may experience less downward pressure from short sellers.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can reduce the likelihood of downward pressure from short selling. Given that Fiserv's short interest is below the peer group average, this could be interpreted as a positive sign for the stock in the short term.
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