Peering Into Northern Trust's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Northern Trust's (NYSE:NTRS) short interest has risen by 97.1%, with 2.46 million shares sold short, representing 1.36% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Northern Trust's short interest is still below the peer group average of 2.94%.
June 28, 2024 | 2:45 pm
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Northern Trust's short interest has increased by 97.1%, now at 1.36% of its float. This rise could indicate bearish sentiment, but the short interest is still below the peer average of 2.94%.
The significant increase in short interest suggests that investors are becoming more bearish on Northern Trust. However, the short interest is still below the peer group average, which may mitigate some of the negative sentiment.
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IMPORTANCE 80
RELEVANCE 100