Peering Into Vale's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Vale's (NYSE:VALE) short percent of float has fallen 5.49% since its last report, with 38.01 million shares sold short, which is 0.86% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Vale's short interest as a percentage of float is lower than its peer group average of 3.95%.
August 04, 2023 | 12:00 pm
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Vale's short interest has decreased, potentially indicating a more bullish sentiment towards the stock. This could impact the stock's price in the short term.
Short interest is an indicator of market sentiment. A decrease in short interest often signals a more bullish sentiment, which could lead to an increase in the stock's price. As such, the decrease in Vale's short interest could potentially lead to a short-term increase in its stock price.
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