Looking Into M&T Bank's Recent Short Interest
Portfolio Pulse from Benzinga Insights
M&T Bank's short interest has increased by 12.39%, with 3.60 million shares sold short, representing 2.45% of its float. This is below the peer group average of 3.49%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
September 27, 2024 | 4:00 pm
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M&T Bank's short interest has increased by 12.39%, with 3.60 million shares sold short, representing 2.45% of its float. This is below the peer group average of 3.49%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest indicates a bearish sentiment among investors, which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which might mitigate the negative impact.
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