How Is The Market Feeling About Nucor?
Portfolio Pulse from Benzinga Insights
Nucor's (NYSE:NUE) short percent of float has fallen 8.25% since its last report, with 5.48 million shares sold short, which is 2.89% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Nucor has less short interest as a percentage of float.
July 11, 2023 | 8:30 pm
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Nucor's short percent of float has decreased, indicating a more bullish sentiment towards the stock. This could potentially lead to an increase in the stock price.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price.
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