Peering Into Southern Copper's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Southern Copper's (NYSE:SCCO) short percent of float has risen 4.45% since its last report, with 5.39 million shares sold short, which is 6.34% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. Southern Copper's peer group average for short interest as a percentage of float is 3.71%, indicating the company has more short interest than most of its peers.
September 08, 2023 | 4:30 pm
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Southern Copper's increased short interest indicates a bearish sentiment among investors, which could potentially lead to a decrease in the company's stock price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish, potentially leading to a decrease in the company's stock price. Southern Copper's short interest is higher than most of its peers, indicating a particularly bearish sentiment among investors.
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