(NYCB) - Analyzing New York Community's Short Interest
Portfolio Pulse from Benzinga Insights
New York Community Bancorp (NYSE: NYCB) has seen a 10.36% increase in its short percent of float, now at 11.72%. This indicates a bearish sentiment among investors, as it would take 3.92 days to cover the short positions. NYCB's short interest is higher than its peers, whose average is 4.89%.
May 15, 2024 | 7:00 pm
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New York Community Bancorp (NYSE: NYCB) has experienced a significant increase in short interest, rising by 10.36% to 11.72%. This suggests a bearish sentiment among investors, as it would take 3.92 days to cover the short positions. NYCB's short interest is notably higher than its peers, whose average is 4.89%.
The significant increase in short interest indicates a bearish sentiment among investors, which could lead to downward pressure on the stock price in the short term. The fact that NYCB's short interest is higher than its peers further emphasizes the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100