How Is The Market Feeling About Newmont?
Portfolio Pulse from Benzinga Insights
Newmont's (NYSE:NEM) short percent of float has risen 10.23% since its last report, with 26.47 million shares sold short, which is 3.77% of all regular shares available for trading. This is higher than the average short interest of its peer group, which is 2.72%. An increase in short interest can indicate a bearish market sentiment towards a stock.
August 17, 2023 | 4:00 pm
News sentiment analysis
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Newmont's short interest has increased, indicating a bearish sentiment towards the stock.
An increase in short interest can indicate that investors are expecting the price of the stock to fall. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100