How Is The Market Feeling About Popular?
Portfolio Pulse from Benzinga Insights
Popular Inc. (NYSE:BPOP) has seen a 19.49% increase in its short percent of float, now at 1.41% of all regular shares. This indicates a rise in bearish sentiment, although it remains below the peer group average of 3.48%.
October 17, 2024 | 8:15 pm
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Popular Inc. has experienced a 19.49% increase in short interest, now at 1.41% of its float. This suggests a rise in bearish sentiment, but the short interest is still below the peer average of 3.48%.
The increase in short interest indicates a rise in bearish sentiment towards Popular Inc., which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100