Bank of New York Mellon Corp Sees Short Interest Drop 11.35%

Bank of New York Mellon Corp's short interest has decreased by 11.35% since its last report, with 8.71 million shares sold short, representing 1.25% of all regular shares available for trading. Traders would take 2.57 days to cover their short positions on average. This decrease in short interest can signal that investors have become more bullish.