How Is The Market Feeling About First Interstate BancSys?
Portfolio Pulse from Benzinga Insights
First Interstate BancSys (NYSE:FIBK) has seen an 8.66% rise in its short percent of float, now at 2.76% of all regular shares. This indicates increased bearish sentiment, although it remains below the peer group average of 5.88%.
July 22, 2024 | 3:15 pm
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First Interstate BancSys has experienced an 8.66% increase in short percent of float, now at 2.76%. This suggests a rise in bearish sentiment, although it remains below the peer group average of 5.88%.
The increase in short interest indicates 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 group average, which may mitigate some of the negative impact.
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