(GLW) - Analyzing Corning's Short Interest
Portfolio Pulse from Benzinga Insights
Corning's (NYSE:GLW) short percent of float has risen 68.92% since its last report, with 10.61 million shares sold short, which is 1.25% of all regular shares available for trading. It would take traders 1.67 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Corning's peer group average for short interest as a percentage of float is 3.66%, which means the company has less short interest than most of its peers.
July 20, 2023 | 3:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Corning's short percent of float has risen 68.92% since its last report. This increase in short interest could indicate a bearish sentiment among investors. However, compared to its peers, Corning has less short interest.
An increase in short interest can indicate that investors are expecting the price of the stock to fall. This could put downward pressure on Corning's stock price in the short term. However, the fact that Corning has less short interest than its peers could mitigate this effect to some extent.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100