Peering Into Raymond James Finl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Raymond James Financial (NYSE:RJF) has seen an 11.61% increase in its short percent of float, now at 3.46% of all regular shares available for trading. This is lower than the peer group average of 5.61%. It would take traders 6.0 days to cover their short positions on average.
August 02, 2024 | 4:30 pm
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Raymond James Financial's short interest has increased by 11.61%, now at 3.46% of float. This is below the peer average of 5.61%. It would take traders 6 days to cover their short positions.
The increase in short interest suggests a bearish sentiment among investors, which could put downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which might mitigate some of the negative impact.
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