How Is The Market Feeling About Northern Trust?
Portfolio Pulse from Benzinga Insights
Northern Trust (NYSE:NTRS) has seen a decrease in short interest, with the short percent of float falling 16.67% to 2.06 million shares, or 1.15% of all shares available for trading. This decline in short interest suggests a more bullish sentiment among investors towards NTRS. Compared to its peers, Northern Trust has a lower short interest as a percentage of float (2.76%), indicating potentially more favorable market sentiment towards it.
May 03, 2024 | 5:30 pm
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Northern Trust's decrease in short interest suggests a more bullish sentiment among investors, potentially leading to a positive short-term impact on its stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to an increase in its price. Given that Northern Trust's short interest has fallen significantly and is lower than its peer group average, this suggests a more bullish sentiment towards NTRS, potentially leading to a positive impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90