Peering Into Eastern Bankshares's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Eastern Bankshares (NYSE:EBC) has seen a 3.68% increase in its short percent of float, now at 2.82% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, EBC's short interest is still below the peer group average of 4.97%.
May 24, 2024 | 1:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Eastern Bankshares has experienced a 3.68% increase in short interest, now at 2.82% of its float. This suggests a rise in bearish sentiment, although its short interest remains below the peer average of 4.97%.
The increase in short interest indicates that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100