(PKX) - Analyzing POSCO Holdings's Short Interest
Portfolio Pulse from Benzinga Insights
POSCO Holdings's (NYSE:PKX) short percent of float has risen 57.89% since its last report, with 1.83 million shares sold short, which is 0.6% of all regular shares available for trading. It would take traders 9.4 days to cover their short positions on average. The company's short interest is less than its peer group average of 4.10%.
July 17, 2023 | 4:45 pm
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POSCO Holdings's short interest has increased significantly, indicating a bearish sentiment among traders. However, its short interest is still less than its peer group average.
The increase in short interest indicates that more traders are betting on the stock's price to fall, which is a bearish signal. However, the fact that POSCO's short interest is less than its peer group average suggests that it may not be as bearish as other stocks in its industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100