Peering Into Berkshire Hills Bancorp's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Berkshire Hills Bancorp (NYSE:BHLB) has seen an 8.67% increase in short interest, with 1.02 million shares sold short, representing 3.26% of its float. This is higher than its peers' average of 2.50%. Short interest can indicate market sentiment, with increased shorting suggesting bearish views.
August 22, 2024 | 2:45 pm
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Berkshire Hills Bancorp's short interest has increased by 8.67%, now at 3.26% of its float, which is higher than its peers' average. This rise in short interest could indicate bearish sentiment among investors.
The increase in short interest suggests that investors are becoming more bearish on Berkshire Hills Bancorp compared to its peers. This could lead to downward pressure on the stock price in the short term.
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