Peering Into Discover Finl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Discover Financial Services (NYSE: DFS) has seen a 12.3% decrease in its short percent of float, now at 1.07% with 2.33 million shares sold short. This is lower than the peer group average of 9.87%. It would take traders 2.16 days to cover their short positions.
August 09, 2024 | 5:45 pm
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Discover Financial Services (NYSE: DFS) has experienced a 12.3% decrease in short interest, now at 1.07% of its float. This is significantly lower than the peer group average of 9.87%.
The decrease in short interest suggests a more bullish sentiment among investors compared to previous periods. Additionally, the short interest is significantly lower than the peer group average, indicating relative strength.
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