(JPM) - Analyzing JPMorgan Chase's Short Interest
Portfolio Pulse from Benzinga Insights
JPMorgan Chase (NYSE:JPM) has seen a decrease in short interest, with the current level at 17.82 million shares or 0.62% of the float, down 4.62% from the last report. The average time to cover these short positions is 1.54 days. Short interest is a measure of market sentiment, and a decrease may indicate a more bullish outlook. JPMorgan Chase has a lower short interest compared to its peer group average of 0.82%.
January 25, 2024 | 2:45 pm
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JPMorgan Chase's short interest has decreased, suggesting a more bullish sentiment among investors and potentially less downward pressure on the 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 less selling pressure and potentially a rise in the stock price. However, short interest is just one of many factors that can affect stock prices, and the impact may not be immediate or significant.
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