(KEY) - Analyzing KeyCorp's Short Interest
Portfolio Pulse from Benzinga Insights
KeyCorp's (NYSE:KEY) short interest has risen by 23.02%, with 36.43 million shares sold short, representing 4.97% of its float. This is higher than the peer group average of 2.11%. The increase in short interest could indicate bearish sentiment but does not guarantee a near-term price drop.
July 02, 2024 | 7:30 pm
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KeyCorp's short interest has increased by 23.02%, with 36.43 million shares sold short, representing 4.97% of its float. This is significantly higher than the peer group average of 2.11%, indicating a potential bearish sentiment among investors.
The significant increase in short interest suggests that investors are becoming more bearish on KeyCorp compared to its peers. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100