Looking Into Raymond James Finl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Raymond James Financial (NYSE:RJF) has seen a 23.95% increase in short interest, with 8.65 million shares sold short, representing 5.33% of its float. This is higher than its peers' average of 3.18%. The increased short interest suggests bearish sentiment but could also indicate potential for a short squeeze.
September 17, 2024 | 6:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Raymond James Financial's short interest has increased by 23.95%, with 8.65 million shares sold short, making up 5.33% of its float. This is significantly higher than the peer average of 3.18%, indicating bearish sentiment but also potential for a short squeeze.
The increase in short interest suggests that investors are bearish on RJF, as more shares are being shorted compared to its peers. However, this could also lead to a short squeeze if the stock price rises, forcing short sellers to cover their positions, potentially driving the price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100