(FCX) - Analyzing Freeport-McMoRan's Short Interest
Portfolio Pulse from Benzinga Insights
Freeport-McMoRan's (NYSE:FCX) short percent of float has fallen 9.84% since its last report, with 15.67 million shares sold short, which is 1.1% of all regular shares available for trading. This decrease in short interest could indicate 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, Freeport-McMoRan has less short interest as a percentage of float, with an average of 4.08%.
August 10, 2023 | 8:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Freeport-McMoRan's short interest has decreased, potentially indicating a more bullish sentiment. However, this doesn't guarantee a stock price increase in the near term.
A decrease in short interest can indicate a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. However, this doesn't necessarily mean the stock price will rise in the near term, as other factors can also influence the stock price. Compared to its peers, Freeport-McMoRan has less short interest, which could be seen as a positive sign by some investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100