Peering Into POSCO Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
POSCO Holdings's (NYSE:PKX) short percent of float has fallen 25.0% since its last report, with 1.38 million shares sold short, which is 0.45% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, POSCO has less short interest.
August 04, 2023 | 11:56 am
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Decrease in short interest could indicate a more bullish sentiment towards POSCO Holdings. However, it doesn't guarantee a stock price rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest could mean that investors are less bearish about the stock, which could potentially lead to an increase in the stock price. However, this is not a guarantee and other factors could influence the stock price.
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