Peering Into East West Bancorp's Recent Short Interest
Portfolio Pulse from Benzinga Insights
East West Bancorp (NYSE:EWBC) has seen a 7.67% increase in short interest, with 4.64 million shares sold short, representing 3.79% of its float. This is higher than its peers' average of 3.33%. The increased short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
September 12, 2024 | 1:15 pm
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East West Bancorp's short interest has increased by 7.67%, with 4.64 million shares shorted, representing 3.79% of its float. This is higher than the peer average of 3.33%, indicating bearish sentiment.
The increase in short interest suggests that investors are more bearish on East West Bancorp compared to its peers. This could lead to downward pressure on the stock price in the short term as more investors bet against it.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100