(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
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100