Looking Into M&T Bank's Recent Short Interest
Portfolio Pulse from Benzinga Insights
M&T Bank's short interest has risen by 4.26%, with 2.87 million shares sold short, representing 1.96% of its float. This is lower than the peer group average of 3.56%. Increased short interest can indicate bearish sentiment but can also be bullish if the stock price rises.
June 26, 2024 | 4:00 pm
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M&T Bank's short interest has increased by 4.26%, now at 1.96% of its float. This is lower than the peer average of 3.56%. Increased short interest can indicate bearish sentiment but also presents a bullish opportunity if the stock price rises.
The increase in short interest suggests a bearish sentiment among traders. However, the short interest is still below the peer average, which could mitigate the negative impact. Additionally, increased short interest can lead to a short squeeze if the stock price rises, presenting a bullish opportunity.
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