(SNV) - Analyzing Synovus Finl's Short Interest
Portfolio Pulse from Benzinga Insights
Synovus Financial Corp's (NYSE:SNV) short interest has decreased by 24.79% since the last report, with 5.78 million shares sold short, representing 4.43% of its float. The current short interest suggests a bullish sentiment among investors, as it takes an average of 3.4 days to cover short positions. Synovus has a higher short interest compared to its peer group average of 3.92%, indicating more bearish sentiment towards it than its peers.
April 02, 2024 | 5:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Synovus Financial Corp's short interest has significantly decreased, indicating a potential increase in bullish sentiment among investors.
A decrease in short interest typically indicates that investors are becoming more optimistic about a stock's future performance. For Synovus Financial, the significant drop in short interest could reduce selling pressure and potentially lead to a price increase in the short term, especially since it's above the peer group average.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90