Looking Into Southern's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Southern's (NYSE:SO) short percent of float has fallen 4.67% since its last report, with 11.13 million shares sold short, which is 1.02% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Southern has less short interest as a percentage of float, with an average of 2.27%.
August 17, 2023 | 8:15 pm
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Southern's short percent of float has decreased, indicating a more bullish sentiment. It has less short interest compared to its peers.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term. Additionally, having less short interest compared to its peers could make Southern more attractive to investors.
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