(EBC) - Analyzing Eastern Bankshares's Short Interest
Portfolio Pulse from Benzinga Insights
Eastern Bankshares (NYSE:EBC) has seen a 3.17% decrease in its short interest, now at 1.83% of its float. This is lower than its peers' average of 5.27%. The decrease in short interest may indicate a more bullish sentiment among investors.
October 16, 2024 | 6:30 pm
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Eastern Bankshares has experienced a 3.17% decrease in short interest, now at 1.83% of its float, which is below the peer average of 5.27%. This could suggest a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against Eastern Bankshares, which could indicate a shift towards a more positive outlook on the stock. This is further supported by the fact that its short interest is significantly lower than the peer average, potentially making it more attractive to investors.
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