Looking Into U.S. Bancorp's Recent Short Interest
Portfolio Pulse from Benzinga Insights
U.S. Bancorp's (NYSE:USB) short interest has decreased by 14.37% since the last report, with 21.34 million shares sold short, representing 1.37% of its float. This decline in short interest could indicate a more bullish sentiment towards USB among traders. The current short interest is higher than the peer group average of 0.76%, suggesting USB has more bearish sentiment compared to its peers.
March 07, 2024 | 8:45 pm
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U.S. Bancorp's short interest has decreased, indicating a potential bullish sentiment shift among traders.
A decrease in short interest typically suggests that traders are less bearish on the stock, potentially leading to less selling pressure and a more favorable outlook for the stock price in the short term. Given that USB's short interest is still above its peer group average, this indicates a mixed sentiment but with a recent shift towards more bullish views.
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