Looking Into Capital One Finl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Capital One Financial Corp. (NYSE:COF) has seen a decrease in short interest, with the short percent of float dropping 9.35% since the last report. The current short interest stands at 7.33 million shares, or 1.94% of the float, with a short covering time of 3.85 days. This decline in short interest may indicate a more bullish sentiment among investors compared to the peer group average of 7.96% short interest as a percentage of float.
January 12, 2024 | 1:15 pm
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Capital One Financial Corp. (COF) has experienced a decrease in short interest, which could be a positive sign for the stock as it may reflect a more bullish sentiment among investors.
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, the article does not guarantee a price rise, but it does suggest that traders are less inclined to bet against the stock, which could reduce downward pressure on the share price.
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IMPORTANCE 75
RELEVANCE 100