(GLW) - Analyzing Corning's Short Interest
Portfolio Pulse from Benzinga Insights
Corning's (NYSE:GLW) short percent of float has fallen 16.8% since its last report, with 8.81 million shares sold short, which is 1.04% of all regular shares available for trading. It would take traders 2.65 days to cover their short positions on average. Corning's short interest is less than its peer group average of 3.42%.
August 08, 2023 | 1:30 pm
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Corning's short interest has decreased, indicating a potentially more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
A decrease in short interest can signal a more bullish sentiment towards a stock, as it indicates fewer investors are betting on the stock's price to fall. However, many other factors can influence a stock's price, so this does not necessarily mean Corning's stock price will rise in the near term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100