(VMC) - Analyzing Vulcan Materials's Short Interest
Portfolio Pulse from Benzinga Insights
Vulcan Materials's (NYSE:VMC) short percent of float has risen 45.83% since its last report, with 1.65 million shares sold short, which is 1.4% of all regular shares available for trading. It would take traders 2.41 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Vulcan Materials's peer group average for short interest as a percentage of float is 2.03%, which means the company has less short interest than most of its peers.
September 20, 2023 | 2:00 pm
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Vulcan Materials's short percent of float has risen 45.83% since its last report. The company has less short interest than most of its peers, indicating a bearish sentiment among investors.
The increase in short interest indicates that investors are expecting the price of Vulcan Materials's stock to fall. This bearish sentiment could put downward pressure on the stock price in the short term. However, the company has less short interest than most of its peers, which could mitigate some of this downward pressure.
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