Looking Into Rithm Capital's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Rithm Capital (NYSE:RITM) has seen a 49.14% increase in short interest since its last report, with 8.31 million shares sold short, representing 1.73% of its float. This indicates a bearish market sentiment, although it has less short interest compared to its peers' average of 6.94%. The rise in short interest doesn't necessarily predict a price drop, but it's an important indicator for investors.
March 19, 2024 | 1:00 pm
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Rithm Capital's significant increase in short interest suggests a bearish sentiment among investors, but it's still below the peer average.
The increase in short interest indicates that more investors are betting against Rithm Capital, expecting its stock price to fall. However, being below the peer average suggests it's not as bearish compared to similar companies. This mixed signal could lead to short-term price volatility.
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