How Is The Market Feeling About KeyCorp?
Portfolio Pulse from Benzinga Insights
KeyCorp (NYSE:KEY) has seen a significant decrease in short interest, with a 26.41% drop since the last report, now standing at 21.05 million shares or 2.87% of available shares for trading. This decline in short interest could indicate a more bullish sentiment towards KEY among traders. KeyCorp's short interest is higher than its peer group average of 1.98%, suggesting more skepticism towards KEY compared to its peers.
May 14, 2024 | 8:00 pm
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The significant decrease in short interest for KeyCorp suggests a potential bullish sentiment shift among investors, which could lead to short-term price appreciation.
A decrease in short interest typically indicates that investors are less bearish on the stock, potentially leading to an increase in its price in the short term. Given that KeyCorp's short interest is significantly higher than its peers, this reduction is particularly noteworthy and could suggest a stronger bullish sentiment.
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