Peering Into JPMorgan Chase's Recent Short Interest
Portfolio Pulse from Benzinga Insights
JPMorgan Chase's (NYSE:JPM) short interest has increased by 9.68% since the last report, with 19.56 million shares sold short, representing 0.68% of its float. It would take approximately 2.54 days to cover these short positions. The increase in short interest can indicate a bearish market sentiment towards JPM, although it's lower than its peer group average of 0.79% short interest as a percentage of float.
February 29, 2024 | 8:30 pm
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JPMorgan Chase's short interest has increased, indicating a potentially bearish sentiment among investors.
An increase in short interest typically indicates that investors are expecting the stock price to decline. Given that JPMorgan Chase's short interest has risen, it suggests a bearish outlook among traders. However, the fact that it's below its peer group average could mitigate some negative impact.
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