Peering Into Cadence Bank's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cadence Bank's (NYSE:CADE) short interest has increased by 13.04% since the last report, with 6.91 million shares sold short, representing 3.9% of its float. It would take about 5.23 days to cover all short positions. This rise in short interest can indicate a bearish market sentiment towards CADE, although it has less short interest compared to its peers, with an average of 3.94% in the peer group.
April 10, 2024 | 8:45 pm
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Cadence Bank's short interest has risen, indicating a potentially bearish market sentiment. However, it remains below its peer group average.
The increase in short interest suggests that investors might be expecting the price of CADE to fall, which could lead to a negative short-term impact on the stock price. However, being below the peer average might mitigate some negative perceptions.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90