Looking Into Southern's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Southern's (NYSE:SO) short percent of float has decreased by 8.06% since its last report, with 12.45 million shares sold short, representing 1.14% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Southern has less short interest as a percentage of float, with the average being 2.25%.
July 12, 2023 | 4:01 pm
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Southern's short percent of float has decreased, indicating a potentially more bullish market sentiment. Compared to its peers, Southern has less short interest.
A decrease in short interest can signal that investors have become more bullish on a stock. As Southern's short interest has decreased, this could potentially indicate a more positive sentiment towards the stock, which could positively impact its price in the short term. Additionally, having less short interest than its peers could also be seen as a positive sign.
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