Peering Into Eastern Bankshares's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Eastern Bankshares (NYSE:EBC) has seen a 46.5% decrease in its short percent of float, now at 1.91%. This is lower than its peers' average of 5.61%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
August 20, 2024 | 7:30 pm
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Eastern Bankshares has experienced a significant decrease in short interest, which may suggest a shift towards a more bullish market sentiment. Its short interest is now lower than the average of its peers.
The 46.5% decrease in short interest suggests that fewer investors are betting against Eastern Bankshares, which could indicate a more positive outlook on the stock. Additionally, its short interest is significantly lower than the peer average, further supporting a potential bullish sentiment.
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