Looking Into Citizens Financial Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Citizens Financial Group (NYSE:CFG) has seen a 29.78% increase in short interest, with 12.01 million shares sold short, representing 3.53% of its float. This rise in short interest could indicate bearish sentiment among investors, although CFG's short interest is still below the peer group average of 3.79%.
July 25, 2024 | 1:15 pm
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Citizens Financial Group has experienced a significant increase in short interest, which could indicate bearish sentiment among investors. However, its short interest remains below the peer group average.
The significant increase in short interest suggests that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the fact that CFG's short interest is still below the peer average may mitigate some of this negative sentiment.
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