(USB) - Analyzing U.S. Bancorp's Short Interest
Portfolio Pulse from Benzinga Insights
U.S. Bancorp's short interest has increased by 13%, with 17.69 million shares sold short, representing 1.13% of its float. This is higher than the peer group average of 0.98%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 06, 2024 | 7:15 pm
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U.S. Bancorp's short interest has increased by 13%, with 17.69 million shares sold short, representing 1.13% of its float. This is higher than the peer group average of 0.98%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests that investors are becoming more bearish on U.S. Bancorp compared to its peers. This could lead to downward pressure on the stock price in the short term, as more investors are betting against it. However, the article notes that increased short interest does not guarantee a price drop, indicating some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100