Peering Into Discover Finl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Discover Financial Services (NYSE:DFS) has seen a 9.93% decrease in short interest, now at 2.90 million shares or 1.36% of float, with a cover time of 1.84 days. This decline in short interest could indicate a more bullish sentiment towards DFS compared to its peers, where the average short interest is 5.67% of float.
March 18, 2024 | 4:45 pm
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Discover Financial's short interest has decreased significantly, indicating a potential increase in bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Discover Financial, this reduction in short interest could lead to a short-term positive impact on its stock price as it indicates a shift towards more bullish sentiment, especially when compared to its peers.
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