(FNB) - Analyzing F N B's Short Interest
Portfolio Pulse from Benzinga Insights
F N B (NYSE:FNB) has seen a 10.55% increase in its short percent of float, now at 2.62% of all regular shares available for trading. This indicates a rise in bearish sentiment, although it remains below the peer group average of 3.53%. It would take traders 4.69 days to cover their short positions.
June 20, 2024 | 4:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
F N B's short interest has increased by 10.55%, now at 2.62% of float, indicating rising bearish sentiment. However, it remains below the peer group average of 3.53%.
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 below the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100