(WFC) - Analyzing Wells Fargo's Short Interest
Portfolio Pulse from Benzinga Insights
Wells Fargo's short interest has decreased by 3.19%, with 31.01 million shares sold short, representing 0.91% of its float. This is lower than the peer group average of 1.12%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
October 15, 2024 | 7:45 pm
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Wells Fargo's short interest has decreased by 3.19%, with 31.01 million shares sold short, representing 0.91% of its float. This is lower than the peer group average of 1.12%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against Wells Fargo, which could indicate a shift towards a more positive market sentiment. This is further supported by the fact that Wells Fargo's short interest is below the peer group average, potentially making it more attractive to investors.
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