(WFC) - Analyzing Wells Fargo's Short Interest
Portfolio Pulse from Benzinga Insights
Wells Fargo's short interest has decreased by 9.09%, with 30.55 million shares sold short, representing 0.9% of its float. This is below the peer group average of 0.97%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
August 22, 2024 | 6:00 pm
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Wells Fargo's short interest has decreased by 9.09%, with 30.55 million shares sold short, representing 0.9% of its float. This is below the peer group average of 0.97%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against Wells Fargo, which could indicate a shift towards a more positive market sentiment. This is further supported by the fact that Wells Fargo's short interest is below the peer average, potentially making it more attractive to investors.
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