Looking Into Rithm Capital's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Rithm Capital (NYSE:RITM) has seen a decrease in short interest, with the short percent of float falling 13.43% to 1.16% of all shares available for trading. The current short interest stands at 5.58 million shares, requiring approximately 1.66 days for traders to cover their short positions. This decline in short interest could indicate a more bullish sentiment towards RITM compared to its last report. Additionally, RITM's short interest is below its peer group average of 6.05%, suggesting less bearish sentiment among investors compared to its peers.
February 14, 2024 | 4:00 pm
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Rithm Capital's short interest has decreased, indicating a potential bullish sentiment shift among investors. With short interest below the peer group average, RITM may be viewed more favorably in the short term.
The decrease in short interest for Rithm Capital suggests that investors may be becoming more optimistic about the company's future performance. This reduction in bearish bets, especially when compared to its peers, could lead to a positive short-term impact on RITM's stock price as it reflects improved market sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100