Looking Into HDFC Bank's Recent Short Interest
Portfolio Pulse from Benzinga Insights
HDFC Bank's short interest has decreased by 5.8%, with 16.48 million shares sold short, representing 0.65% of its float. This is lower than its peers' average short interest of 1.14%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
October 14, 2024 | 7:00 pm
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HDFC Bank's short interest has decreased by 5.8%, with 16.48 million shares sold short, representing 0.65% of its float. This is lower than its peers' average short interest of 1.14%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that investors are less bearish on HDFC Bank compared to before. With the short interest being lower than its peers, it indicates a relatively more positive sentiment towards HDFC Bank. This could lead to a short-term positive impact on the stock price as the market perceives reduced bearish pressure.
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