Looking Into Bank of New York Mellon's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Bank of New York Mellon's short interest has increased by 11.86%, with 9.63 million shares sold short, representing 1.32% of its float. This is lower than the peer group average of 3.68%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 29, 2024 | 7:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Bank of New York Mellon's short interest has increased by 11.86%, with 9.63 million shares sold short, representing 1.32% of its float. This is lower than the peer group average of 3.68%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests a bearish sentiment among investors, but since the short interest is still below the peer average, it may not have a significant negative impact on the stock price. The market sentiment could be cautious, but not necessarily negative.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100