Looking Into Truist Finl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Truist Financial's short interest has increased by 25.96%, with 17.58 million shares sold short, representing 1.31% of its float. This is lower than the peer group average of 3.43%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 12, 2024 | 7:15 pm
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Truist Financial's short interest has increased significantly, indicating potential bearish sentiment. However, its short interest is still below the peer average, suggesting less bearishness compared to peers.
The increase in short interest by 25.96% suggests that traders are becoming more bearish on Truist Financial. However, since the short interest is still below the peer average, it indicates that the bearish sentiment is not as strong as it could be. This could lead to short-term downward pressure on the stock price, but it is not definitive.
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