How Is The Market Feeling About Bancorp?
Portfolio Pulse from Benzinga Insights
Bancorp (NYSE:TBBK) has seen a 4.16% rise in its short percent of float, now at 15.53%. This indicates increased bearish sentiment compared to its peers, whose average short interest is 4.45%. It would take traders 9.53 days to cover their short positions.
July 23, 2024 | 5:30 pm
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Bancorp's short percent of float has risen to 15.53%, indicating increased bearish sentiment. This could lead to heightened volatility in the stock price as traders may anticipate further declines.
The significant rise in short interest suggests that more investors are betting against Bancorp, which could lead to downward pressure on the stock price. The high days-to-cover ratio of 9.53 days also indicates potential for increased volatility.
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