(EWBC) - Analyzing East West Bancorp's Short Interest
Portfolio Pulse from Benzinga Insights
East West Bancorp (NYSE:EWBC) has seen a 5.28% increase in its short percent of float, now at 3.99%. This indicates a bearish sentiment among investors, as it surpasses the peer group average of 3.42%. It would take traders 8.48 days to cover their short positions.
September 30, 2024 | 6:00 pm
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East West Bancorp's short interest has increased by 5.28%, now at 3.99% of float, indicating a bearish sentiment. It surpasses the peer average of 3.42%, suggesting more skepticism among investors.
The increase in short interest to 3.99% of float, above the peer average, suggests a bearish sentiment among investors. This could lead to downward pressure on the stock price in the short term as more investors are betting against the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100