How Is The Market Feeling About Northern Trust?
Portfolio Pulse from Benzinga Insights
Northern Trust's short interest has increased by 8.76%, with 3.74 million shares sold short, representing 2.11% of its float. This is below the peer group average of 3.66%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
October 07, 2024 | 6:00 pm
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Northern Trust's short interest has increased by 8.76%, indicating a bearish sentiment among investors. However, its short interest is still below the peer average, suggesting relatively less bearishness compared to peers.
The increase in short interest by 8.76% suggests that investors are becoming more bearish on Northern Trust. However, since the short interest is still below the peer average, it indicates that the bearish sentiment is not as strong as it is for its peers. This could lead to downward pressure on the stock price in the short term, but it is not a definitive indicator of a price drop.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100