How Is The Market Feeling About Fomento Economico?
Portfolio Pulse from Benzinga Insights
Fomento Economico's (NYSE:FMX) short percent of float has fallen 37.93% since its last report, with 1.16 million shares sold short, representing 0.54% of all regular shares available for trading. The company has less short interest than most of its peers, with a peer group average of 5.41%.
May 19, 2023 | 4:45 pm
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Fomento Economico's short percent of float has decreased by 37.93%, indicating a more bullish market sentiment towards the stock.
A decrease in short interest indicates that traders are less bearish on the stock, which could lead to a more positive market sentiment and potentially an increase in the stock price. With Fomento Economico's short interest lower than its peers, it suggests that the market is more bullish on the stock compared to its competitors.
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