Looking Into Citizens Financial Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Citizens Financial Group (NYSE:CFG) has seen a decrease in short interest, with the short percent of float falling 9.69% to 5.22% of all shares available for trading. The current volume suggests it would take about 4.23 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards CFG, potentially signaling increased bullishness among investors. CFG's short interest is higher than its peer group average of 3.71%, suggesting more bearish sentiment compared to its peers.
April 29, 2024 | 2:15 pm
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The decrease in short interest for Citizens Financial Group suggests a potential shift in market sentiment, possibly indicating increased investor confidence and a more bullish outlook for CFG.
A decrease in short interest typically suggests that investors are becoming more bullish on a stock. For CFG, this could mean an improvement in investor sentiment, potentially leading to a short-term increase in stock price as fewer investors are betting on its decline. Additionally, CFG's higher short interest compared to its peers might have previously indicated more bearish sentiment, making this decrease particularly noteworthy.
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