Looking Into Southern Copper's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Southern Copper's (NYSE:SCCO) short percent of float has fallen 5.16% since its last report, with 5.17 million shares sold short, which is 6.07% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, Southern Copper's short interest as a percentage of float is higher than its peer group average of 3.75%.
August 14, 2023 | 2:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Southern Copper's decrease in short interest could indicate a more bullish sentiment towards the stock, potentially impacting its stock price positively in the short term.
Short interest is an indicator of market sentiment towards a stock. A decrease in short interest can signal a more bullish sentiment, which could potentially lead to an increase in the stock's price. However, Southern Copper's short interest is higher than its peer group average, which could indicate a higher level of risk compared to its peers.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100