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
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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.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100