(SSB) - Analyzing SouthState's Short Interest
Portfolio Pulse from Benzinga Insights
SouthState (NYSE:SSB) has seen a 5.56% increase in its short percent of float, now at 6.45%. This is higher than its peers' average of 3.34%. It would take traders 7.19 days to cover their short positions. Increased short interest can indicate bearish sentiment but can also be bullish under certain conditions.
August 02, 2024 | 5:15 pm
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SouthState's short interest has increased by 5.56%, now at 6.45% of float, higher than its peers' average of 3.34%. It would take 7.19 days to cover short positions. This could indicate bearish sentiment but also potential bullish opportunities.
The increase in short interest suggests that more investors are betting against SouthState, which could indicate bearish sentiment. However, high short interest can also lead to a short squeeze, potentially driving the stock price up if traders rush to cover their positions.
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