(USB) - Analyzing U.S. Bancorp's Short Interest
Portfolio Pulse from Benzinga Insights
U.S. Bancorp's (NYSE:USB) short interest has decreased by 19.87% since the last report, with 18.84 million shares sold short, representing 1.21% of its float. The current short interest is below the peer group average of 1.68%. This decline in short interest could indicate a more bullish sentiment towards USB among traders.
May 13, 2024 | 7:30 pm
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The decrease in short interest for U.S. Bancorp suggests a potential improvement in market sentiment towards the stock, possibly leading to a short-term positive impact on its price.
A decrease in short interest typically indicates that fewer traders are betting on the stock's decline, which can be a bullish sign. Given that USB's short interest is now below its peer group average, this could suggest a more favorable outlook on the stock, potentially leading to a short-term increase in its price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90