How Is The Market Feeling About Vulcan Materials?
Portfolio Pulse from Benzinga Insights
Vulcan Materials's (NYSE:VMC) short percent of float has fallen 13.51% since its last report, with 1.13 million shares sold short, which is 0.96% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Vulcan Materials has less short interest as a percentage of float, with an average of 1.66%.
September 04, 2023 | 7:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Vulcan Materials's short interest has decreased, indicating a more bullish sentiment towards the stock. The company's short interest is also lower than its peers' average.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This, combined with the fact that Vulcan Materials's short interest is lower than its peers' average, could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100