How Is The Market Feeling About NatWest Group?
Portfolio Pulse from Benzinga Insights
NatWest Group (NYSE:NWG) has seen a 12.5% increase in short percent of float since its last report, with 7.83 million shares sold short, representing 0.18% of all shares available for trading. This indicates a bearish sentiment among investors, although it's noted that an increase in short interest can sometimes be bullish. NWG's short interest is below its peer group average of 0.83%.
March 26, 2024 | 2:00 pm
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NatWest Group's short interest has increased by 12.5%, indicating a bearish market sentiment. However, its short interest is lower than its peer group average.
The increase in short interest suggests that investors are becoming more bearish on NWG, potentially leading to downward pressure on the stock price in the short term. However, the fact that NWG's short interest is below its peer group average could mitigate some of the negative impact. The mixed signals require careful analysis but suggest a cautious approach.
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