Looking Into Corning's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Corning's (NYSE:GLW) short percent of float has fallen 7.02% since its last report, with 8.98 million shares sold short, which is 1.06% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Corning. Compared to its peers, Corning has less short interest as a percentage of float, with an average of 3.22%.
September 04, 2023 | 8:30 pm
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Corning's short percent of float has decreased, indicating a more bullish sentiment. This could potentially lead to an increase in the stock's 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 expect a stock's price to fall. Therefore, a decrease in short interest could suggest that fewer traders are expecting Corning's stock price to fall, which could potentially lead to an increase in the stock's price.
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