(KEY) - Analyzing KeyCorp's Short Interest
Portfolio Pulse from Benzinga Insights
KeyCorp's short interest has decreased by 14.4%, with 22.68 million shares sold short, representing 3.09% of its float. This is higher than its peers' average of 1.49%. The decrease in short interest may indicate a more bullish sentiment towards KeyCorp.
August 26, 2024 | 1:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
KeyCorp's short interest has decreased by 14.4%, with 22.68 million shares sold short, representing 3.09% of its float. This is higher than its peers' average of 1.49%. The decrease in short interest may indicate a more bullish sentiment towards KeyCorp.
The decrease in short interest suggests that fewer investors are betting against KeyCorp, which can be interpreted as a sign of increasing confidence in the stock. Additionally, the short interest is still higher than its peers, indicating that while sentiment is improving, there is still some bearish outlook. Overall, the reduction in short interest is a positive indicator for KeyCorp's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100