JPMorgan Chase’s short percent of float for JPM has decreased by 3.03% since its last report. The company has reported that there are 18.57 million shares sold short, which represents 0.64% of all regular shares available for trading. Based on its trading volume, it would take traders an average of 2.39 days to cover their short positions.
Why Short Interest Matters
Short interest refers to the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they don’t own, hoping that the price will fall. Traders profit from short selling if the stock price drops, but they lose if it rises.
Monitoring short interest is important because it can indicate market sentiment towards a particular stock. An increase in short interest can signal bearishness among investors, while a decrease in short interest can signal bullishness.
See Also: List of the most shorted stocks
JPMorgan Chase Short Interest Graph (3 Months)
As shown in the chart above, the percentage of shares sold short for JPMorgan Chase has decreased since the last report. However, this does not necessarily mean that the stock will rise in the near-term. Traders should be aware that fewer shares are being shorted.
Comparing JPMorgan Chase’s Short Interest Against Its Peers
Comparing a company’s short interest to that of its peers is a common method used by analysts and investors to assess its performance. A company’s peers are other companies with similar characteristics, such as industry, size, age, and financial structure. To determine a company’s peer group, you can refer to its 10-K, proxy filing, or conduct your own similarity analysis.
According to Benzinga Pro, the average short interest as a percentage of float for JPMorgan Chase’s peer group is 0.79%. This means that the company has less short interest compared to most of its peers.
Did you know that increasing short interest can actually be viewed as bullish for a stock? This post by Benzinga Money explains how you can profit from it.
This article was generated by Benzinga’s automated content engine and was reviewed by an editor.
