Peering Into JPMorgan Chase's Recent Short Interest
Portfolio Pulse from Benzinga Insights
JPMorgan Chase's short interest has risen by 6.58%, with 23.08 million shares sold short, representing 0.81% of its float. This increase in short interest could indicate bearish sentiment among investors. However, JPMorgan Chase's short interest is still lower than the peer group average of 1.79%.
July 23, 2024 | 1:00 pm
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NEGATIVE IMPACT
JPMorgan Chase's short interest has increased by 6.58%, now at 0.81% of its float. This could indicate bearish sentiment among investors, but the short interest is still below the peer group average of 1.79%.
The increase in short interest suggests that more investors are betting against JPMorgan Chase, which could lead to downward pressure on the stock price. However, the short interest is still lower than the peer average, which might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100