
Short Interest in Popular, Inc. (NASDAQ:BPOP) Drops By 27.3%

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Popular, Inc. (NASDAQ:BPOP) experienced a significant 27.3% drop in short interest in February, totaling 1,176,727 shares as of February 27th. This represents approximately 1.8% of the company's shares sold short, with a days-to-cover ratio of 2.4 days based on an average daily trading volume of 500,721 shares. Additionally, insider transactions included Director Alejandro M. Sanchez selling 1,451 shares and Director Alejandro M. Ballester selling 2,360 shares. Institutional investors hold 87.27% of the stock, with several firms raising their price targets for BPOP, reflecting positive analyst sentiment.
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