(FCX) - Analyzing Freeport-McMoRan's Short Interest
Portfolio Pulse from Benzinga Insights
Freeport-McMoRan's (NYSE:FCX) short percent of float has fallen 9.09% since its last report, with 14.22 million shares sold short, which is 1.0% of all regular shares available for trading. It would take traders 1.5 days to cover their short positions on average. The company's short interest is less than most of its peers, with an average of 3.97%.
September 11, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Freeport-McMoRan's short interest has decreased, indicating a potentially more bullish market sentiment towards the company's stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish market sentiment, as it indicates fewer investors are betting on the stock's price to fall. However, this is just one of many factors that can influence a stock's price, and it does not guarantee the stock price will rise in the near term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100