(IBKR) - Analyzing Interactive Brokers Gr's Short Interest
Portfolio Pulse from Benzinga Insights
Interactive Brokers Gr (NYSE:IBKR) has seen a decrease in short interest, now at 2.48 million shares or 2.4% of float, down 10.45% since the last report. This indicates a bullish sentiment as it takes traders 1.95 days to cover short positions. Compared to its peers, IBKR has a lower short interest percentage of 2.4% versus the peer group average of 5.06%, suggesting better performance or sentiment towards IBKR.
March 06, 2024 | 2:30 pm
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POSITIVE IMPACT
Interactive Brokers Gr's short interest has decreased, indicating a potential bullish sentiment among investors. With a lower short interest compared to its peers, IBKR may see short-term positive movement.
A decrease in short interest often signals that investors are becoming more bullish on a stock. Given that IBKR's short interest is not only decreasing but also lower than its peer group average, this could indicate stronger confidence in IBKR's performance or outlook, potentially leading to a short-term positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100