Peering Into Citizens Financial Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Citizens Financial Group (NYSE:CFG) has seen a 12.73% increase in short interest, with 14.27 million shares sold short, representing 4.25% of its float. This is higher than its peers' average of 3.59%. The rise in short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.
October 18, 2024 | 3:30 pm
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Citizens Financial Group's short interest has increased by 12.73%, with 14.27 million shares sold short, representing 4.25% of its float. This is higher than the peer average of 3.59%, indicating potential bearish sentiment.
The increase in short interest suggests that investors are more bearish on CFG compared to its peers. This could lead to downward pressure on the stock price in the short term, as more investors are betting against it.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100