Looking Into Freeport-McMoRan's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Freeport-McMoRan's (NYSE:FCX) short percent of float has fallen 10.07% since its last report, with 19.16 million shares sold short, which is 1.34% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term.
July 07, 2023 | 5:46 pm
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Decrease in short interest could indicate a more bullish sentiment towards Freeport-McMoRan, but it does not guarantee a rise in stock price.
Short interest is an indicator of market sentiment. A decrease in short interest could mean that investors are less bearish about the stock, which could potentially lead to an increase in demand and a rise in stock price. However, other factors also influence stock prices, so a decrease in short interest does not guarantee a rise in stock price.
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