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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100