How Is The Market Feeling About Southern?
Portfolio Pulse from Benzinga Insights
Southern's (NYSE:SO) short percent of float has fallen 4.9% since its last report, indicating a more bullish sentiment towards the stock. The company has 10.56 million shares sold short, which is 0.97% of all regular shares available for trading. Compared to its peers, Southern has less short interest as the average for its peer group is 2.11%.
September 04, 2023 | 7:00 pm
News sentiment analysis
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Decrease in short interest indicates a more bullish sentiment towards Southern's stock. This could potentially lead to an increase in the stock price in the short term.
A decrease in short interest often indicates a more bullish sentiment towards a stock. This is because short selling is a strategy used when traders believe a stock's price will fall. Therefore, a decrease in short interest suggests that fewer traders believe the stock's price will fall, which could potentially lead to an increase in the stock price.
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