How Is The Market Feeling About Vulcan Materials?
Portfolio Pulse from Benzinga Insights
Vulcan Materials's (NYSE:VMC) short percent of float has risen 3.36% since its last report, with 1.45 million shares sold short, which is 1.23% of all regular shares available for trading. It would take traders 1.74 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 1.68%.
August 04, 2023 | 11:43 am
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Vulcan Materials's short percent of float has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
An increase in short interest can indicate a bearish sentiment towards a stock. However, the fact that Vulcan Materials has less short interest than most of its peers could suggest that it is performing better than them, which could potentially offset the negative impact of the increased short interest.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100