How Is The Market Feeling About Newmont?
Portfolio Pulse from Benzinga Insights
Newmont's (NYSE:NEM) short percent of float has risen 4.49% since its last report, with 29.42 million shares sold short, which is 4.19% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. Newmont's peer group average for short interest as a percentage of float is 2.89%, indicating the company has more short interest than most of its peers.
September 25, 2023 | 6:30 pm
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Newmont'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. Newmont's short interest has risen 4.49%, which is higher than the average of its peers, indicating a stronger bearish sentiment.
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IMPORTANCE 75
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