Peering Into Charles Schwab's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Charles Schwab's short interest has decreased by 8.57%, with 15.96 million shares sold short, representing 0.96% of its float. This is lower than the peer group average of 3.37%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
September 17, 2024 | 6:15 pm
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Charles Schwab's short interest has decreased by 8.57%, with 15.96 million shares sold short, representing 0.96% of its float. This is lower than the peer group average of 3.37%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against Charles Schwab, which could be interpreted as a sign of increased confidence in the stock. Additionally, the short interest is significantly lower than the peer average, further supporting a potentially bullish outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100