Peering Into U.S. Bancorp's Recent Short Interest
Portfolio Pulse from Benzinga Insights
U.S. Bancorp's (NYSE:USB) short interest has increased by 17.5%, with 21.90 million shares sold short, representing 1.41% of its float. This indicates a bearish market sentiment, although it has less short interest compared to its peers' average of 1.70%. The rise in short interest doesn't necessarily predict a near-term price fall but suggests increased bearishness among traders.
April 02, 2024 | 5:15 pm
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U.S. Bancorp's short interest has risen by 17.5%, indicating a bearish sentiment among traders.
The increase in short interest for U.S. Bancorp suggests that traders are expecting the stock price to decline, which could lead to a short-term negative impact on the stock price. However, the company's short interest is still below the peer average, indicating that the bearish sentiment might not be as strong as it appears.
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IMPORTANCE 75
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