Peering Into Charles Schwab's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Charles Schwab's (NYSE:SCHW) short interest has risen by 9.09%, with 15.96 million shares sold short, representing 0.96% of its float. This increase in short interest could indicate bearish sentiment among investors. However, compared to its peers, Schwab's short interest is lower than the average of 4.92%.
May 24, 2024 | 4:15 pm
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Charles Schwab's short interest has increased by 9.09%, now at 0.96% of its float. This could indicate bearish sentiment among investors, but it's still lower than the peer average of 4.92%.
The increase in short interest suggests 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 lower than the peer average, which might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100