(MTB) - Analyzing M&T Bank's Short Interest
Portfolio Pulse from Benzinga Insights
M&T Bank's (NYSE:MTB) short interest has decreased by 14.75% since the last report, with 3.05 million shares sold short, representing 2.08% of its float. This decline in short interest could indicate a more bullish sentiment towards MTB among investors. Compared to its peers, MTB has a lower short interest percentage of float, with the average being 3.71%.
May 13, 2024 | 7:30 pm
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The decrease in short interest for M&T Bank suggests a potential increase in bullish sentiment among investors, possibly leading to a positive short-term price movement.
A decrease in short interest typically indicates that investors are less bearish on the stock, which can lead to an increase in its price in the short term. Given that MTB's short interest is lower than its peers, this suggests a relatively stronger bullish sentiment towards the stock, potentially leading to positive price movements.
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IMPORTANCE 75
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