How Is The Market Feeling About KeyCorp?
Portfolio Pulse from Benzinga Insights
KeyCorp (NYSE:KEY) has seen a 14.59% increase in short interest since its last report, with 31.05 million shares sold short, representing 3.77% of its float. This indicates a bearish sentiment among investors, although it doesn't necessarily predict a near-term price drop. KeyCorp's short interest is significantly higher than its peer group average of 1.12%, suggesting more bearish sentiment compared to its peers.
February 26, 2024 | 3:15 pm
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KeyCorp's significant increase in short interest suggests a bearish sentiment among investors, potentially impacting its stock price in the short term.
The increase in short interest for KeyCorp indicates that a larger number of investors are betting against the stock, expecting its price to fall. This bearish sentiment, especially when significantly higher than its peers, can lead to increased selling pressure and potentially a decrease in stock price in the short term.
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