Peering Into Eastern Bankshares's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Eastern Bankshares (NYSE:EBC) has seen a 7.49% decrease in its short percent of float, now at 1.73%. This is lower than its peers' average of 4.88%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
September 18, 2024 | 8:45 pm
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Eastern Bankshares has experienced a 7.49% decrease in short interest, now at 1.73% of float, which is below the peer average of 4.88%. This could suggest a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against the stock, which can be interpreted as a sign of increased confidence or bullish sentiment. Additionally, EBC's short interest is lower than its peers, further indicating a relatively positive outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100