Looking Into Bank of New York Mellon's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Bank of New York Mellon (NYSE:BK) has seen a 17.53% decrease in short interest, now at 6.08 million shares or 0.8% of float, indicating a potential shift in market sentiment towards more bullish views. Compared to its peers' average short interest of 2.67%, BK has significantly less short interest, suggesting a stronger position or sentiment among investors.
February 08, 2024 | 4:00 pm
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Bank of New York Mellon's short interest has decreased significantly, indicating a potential bullish sentiment among investors.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. For BK, this decrease is significant compared to its peers, suggesting a stronger bullish sentiment or confidence in its market position. This could lead to a short-term positive impact on BK's stock price as market sentiment shifts.
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