(KEY) - Analyzing KeyCorp's Short Interest
Portfolio Pulse from Benzinga Insights
KeyCorp's short interest has increased by 11.99%, with 21.47 million shares sold short, representing 2.99% of its float. This is higher than its peers' average of 1.59%. The rise in short interest suggests bearish sentiment, but it could also present a bullish opportunity if the stock price rises.
September 12, 2024 | 7:15 pm
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KeyCorp's short interest has increased significantly, indicating bearish sentiment. However, this could also present a bullish opportunity if the stock price rises, as traders may need to cover their short positions.
The increase in short interest suggests that investors are bearish on KeyCorp, as more shares are being shorted. However, if the stock price rises, short sellers may need to cover their positions, potentially driving the price up. The short interest is notably higher than its peers, which could attract attention from traders looking for a short squeeze opportunity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100