How Is The Market Feeling About Wells Fargo?
Portfolio Pulse from Benzinga Insights
Wells Fargo's short interest has decreased by 12.96%, with 32.05 million shares sold short, representing 0.94% of its float. This is lower than its peers' average of 1.16%, indicating a more bullish sentiment towards the stock.
September 26, 2024 | 3:00 pm
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Wells Fargo's short interest has decreased by 12.96%, with 32.05 million shares sold short, representing 0.94% of its float. This is lower than its peers' average of 1.16%, indicating a more bullish sentiment towards the stock.
The decrease in short interest suggests a shift towards a more bullish sentiment among investors. With Wells Fargo's short interest lower than its peers, it indicates that investors may have more confidence in the stock compared to similar companies. This could lead to a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100