Peering Into First Citizens BancShares's Recent Short Interest
Portfolio Pulse from Benzinga Insights
First Citizens BancShares (NYSE:FCNCA) has seen a 4.93% increase in its short percent of float, now at 2.13%. This is higher than its peers' average of 1.04%. It would take traders 4.44 days to cover their short positions.
July 30, 2024 | 8:30 pm
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First Citizens BancShares has experienced a 4.93% increase in short percent of float, now at 2.13%, which is higher than its peers' average of 1.04%. This indicates a bearish sentiment among investors.
The increase in short interest suggests that investors are becoming more bearish on FCNCA compared to its peers. This could lead to downward pressure on the stock price in the short term.
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