How Is The Market Feeling About Vale?
Portfolio Pulse from Benzinga Insights
Vale's (NYSE:VALE) short percent of float has risen 24.42% since its last report, with 46.31 million shares sold short, which is 1.07% of all regular shares available for trading. It would take traders 2.3 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Vale's peer group average for short interest as a percentage of float is 3.82%, which means the company has less short interest than most of its peers.
August 18, 2023 | 4:45 pm
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Vale's short percent of float has risen 24.42%, indicating a potential bearish sentiment among investors.
The increase in short percent of float indicates that more investors are betting against Vale's stock, which could put downward pressure on the stock price in the short term. However, Vale has less short interest than most of its peers, which could mitigate some of this pressure.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100