Looking Into Rithm Capital's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Rithm Capital (NYSE:RITM) has seen a decrease in short interest, with the short percent of float falling 4.17% to 1.38% of all shares available for trading. The current short interest stands at 6.63 million shares, requiring approximately 2.13 days for traders to cover their positions. This decline in short interest may indicate a more bullish sentiment towards RITM compared to its last report. Additionally, Rithm Capital's short interest is below its peer group average of 6.51%, suggesting less bearish sentiment among investors compared to its peers.
April 08, 2024 | 2:00 pm
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Rithm Capital's short interest has decreased, indicating a potential bullish sentiment shift among investors. The company's short interest is also lower than its peer group average.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock, expecting its price to rise. For Rithm Capital, this decrease not only suggests a positive shift in market sentiment but also positions it favorably compared to its peers, which could further boost investor confidence and potentially lead to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100