Looking Into F N B's Recent Short Interest
Portfolio Pulse from Benzinga Insights
F N B Corporation's (NYSE:FNB) short interest has increased by 3.6%, with 10.24 million shares sold short, representing 3.74% of its float. This indicates a bearish market sentiment, as it takes traders approximately 5.52 days to cover their short positions. Despite this, an increase in short interest can sometimes be bullish, and F N B has a higher short interest than its peer group average of 3.52%.
February 09, 2024 | 2:00 pm
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F N B Corporation's short interest has increased, indicating a bearish market sentiment but also potential bullish outcomes if the trend reverses.
The increase in short interest for F N B Corporation suggests a bearish sentiment among traders. However, high short interest can lead to a short squeeze, potentially driving the stock price up if the market sentiment shifts. The comparison with peers indicates F N B is slightly above the average, which could attract attention from investors looking for short squeeze opportunities.
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