Looking Into POSCO Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
POSCO Holdings's (NYSE:PKX) short percent of float has risen 44.44% since its last report, with 1.98 million shares sold short, which is 0.65% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, POSCO has less short interest as a percentage of float, which is 3.84% on average.
August 21, 2023 | 1:30 pm
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The increase in short interest in POSCO Holdings indicates a bearish sentiment among investors. However, compared to its peers, POSCO has less short interest.
The rise in short interest indicates that more investors are betting against POSCO Holdings, which could put downward pressure on the stock price in the short term. However, the fact that POSCO has less short interest compared to its peers could mean that it is less likely to experience a significant drop in price due to short selling.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100