(SCHW) - Analyzing Charles Schwab's Short Interest
Portfolio Pulse from Benzinga Insights
Charles Schwab's (NYSE:SCHW) short interest has decreased by 10.74% since the last report, with 17.98 million shares sold short, representing 1.08% of its float. The current short interest suggests a bullish sentiment compared to its peer group average of 5.11% short interest as a percentage of float. This change in short interest could influence the stock's short-term performance.
March 08, 2024 | 7:15 pm
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Charles Schwab's short interest has decreased, indicating a potential bullish sentiment among investors. This could positively impact SCHW's stock price in the short term.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. For Charles Schwab, this decrease places it below the peer group average for short interest, suggesting a stronger bullish sentiment compared to its competitors. This could lead to a positive impact on SCHW's stock price in the short term as market sentiment shifts.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100