How Is The Market Feeling About Hecla Mining?
Portfolio Pulse from Benzinga Insights
Hecla Mining's (NYSE:HL) short percent of float has risen 7.91% since its last report, with 18.30 million shares sold short, which is 3.0% of all regular shares available for trading. It would take traders 3.13 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 4.55%.
August 29, 2023 | 7:15 pm
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Hecla Mining's short percent of float has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
An increase in short interest can indicate a bearish sentiment among traders, which could potentially lead to a decrease in the stock's price. However, the fact that Hecla Mining has less short interest than most of its peers could mitigate this effect.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100