Peering Into Chemours's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Chemours's (NYSE:CC) short percent of float has risen 14.49% since its last report, with 5.40 million shares sold short, which is 4.9% of all regular shares available for trading. This is higher than the average short interest of its peer group, which is 2.14%. Short interest can act as an indicator of market sentiment towards a stock.
August 29, 2023 | 4:16 pm
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Chemours's short percent of float has risen 14.49%, indicating a bearish market sentiment. However, high short interest can sometimes be bullish.
The rise in short percent of float indicates that more traders are betting on the stock's price to fall, which is generally a bearish signal. However, a high short interest can sometimes lead to a short squeeze, causing the stock price to rise as traders rush to cover their short positions.
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