Looking Into Morgan Stanley's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Morgan Stanley's (NYSE:MS) short interest has increased by 7.8% since the last report, with 19.16 million shares sold short, representing 1.52% of available shares. It would take 1.98 days to cover all short positions. While this rise in short interest can indicate bearish sentiment, it's not a definitive predictor of a price drop. Morgan Stanley has less short interest compared to its peer group average of 4.85%.
January 09, 2024 | 1:00 pm
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Morgan Stanley's short interest has risen by 7.8%, indicating a potential increase in bearish sentiment among investors. However, the level is still below the peer group average.
An increase in short interest can suggest that investors are expecting the stock price to decline, which could be a bearish sign. However, the article also notes that an increase in short interest does not necessarily predict a near-term fall in stock price. Additionally, Morgan Stanley's short interest is below the average of its peers, which could mitigate concerns about the increase in short interest.
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