(COOP) - Analyzing Mr. Cooper Gr's Short Interest
Portfolio Pulse from Benzinga Insights
Mr. Cooper Group (NYSE:COOP) has seen a 3.77% increase in short interest, with 1.46 million shares sold short, representing 3.3% of its float. This is below the peer group average of 8.63%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 06, 2024 | 1:45 pm
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NEUTRAL IMPACT
Mr. Cooper Group's short interest has increased by 3.77%, with 1.46 million shares sold short, making up 3.3% of its float. This is lower than the peer average of 8.63%, suggesting less bearish sentiment compared to peers.
The increase in short interest suggests a rise in bearish sentiment, but since COOP's short interest is below the peer average, it indicates relatively less bearishness compared to its peers. This mixed signal results in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100