How Is The Market Feeling About MetroCity Bankshares?
Portfolio Pulse from Benzinga Insights
MetroCity Bankshares (NYSE:MCBS) has seen a 17.31% decrease in its short percent of float, now at 0.86%. This is lower than its peers' average of 2.25%, indicating a more bullish sentiment. It would take traders 1.7 days to cover short positions.
August 22, 2024 | 2:30 pm
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MetroCity Bankshares has experienced a 17.31% decrease in short interest, now at 0.86% of float, which is below the peer average of 2.25%. This suggests a more bullish sentiment among investors.
The decrease in short interest suggests that investors are less bearish on MCBS compared to its peers, which could lead to a positive short-term price movement. The short interest is significantly lower than the peer average, indicating a relatively bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100