(MLM) - Analyzing Martin Marietta Materials's Short Interest
Portfolio Pulse from Benzinga Insights
Martin Marietta Materials's (NYSE:MLM) short percent of float has risen 27.45% since its last report, with 709 thousand shares sold short, which is 1.3% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, MLM's short interest is less than its peer group average of 2.04%.
September 18, 2023 | 2:00 pm
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The increase in short interest in Martin Marietta Materials indicates a bearish sentiment among traders. However, its short interest is less than its peer group average, which could be a positive sign.
The rise in short interest indicates that more traders are betting that the stock price will fall. However, the fact that MLM's short interest is less than its peer group average could mean that it is performing better than similar companies.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100