How Is The Market Feeling About Southern?
Portfolio Pulse from Benzinga Insights
Southern's (NYSE:SO) short percent of float has risen 5.94% since its last report, with 11.62 million shares sold short, which is 1.07% of all regular shares available for trading. It would take traders 3.4 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Southern's peer group average for short interest as a percentage of float is 2.17%, which means the company has less short interest than most of its peers.
July 28, 2023 | 3:30 pm
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Southern's short percent of float has increased, indicating a potentially bearish sentiment among investors. However, compared to its peers, Southern has less short interest.
An increase in short interest can indicate a bearish sentiment among investors, which could potentially lead to a decrease in the stock's price. However, Southern's short interest is less than its peers, which could mitigate some of this potential downward pressure.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100