(SCCO) - Analyzing Southern Copper's Short Interest
Portfolio Pulse from Benzinga Insights
Southern Copper's (NYSE:SCCO) short percent of float has fallen 3.92% since its last report, with 5.84 million shares sold short, which is 6.87% of all regular shares available for trading. It would take traders 6.1 days to cover their short positions on average. The company has more short interest than most of its peers, with an average of 3.84%.
September 27, 2023 | 6:30 pm
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Southern Copper's short interest has decreased, indicating a potentially more bullish sentiment towards the stock. However, it still has more short interest than most of its peers.
A decrease in short interest can signal a more bullish sentiment towards a stock. However, Southern Copper still has more short interest than most of its peers, which could indicate a higher level of skepticism or bearish sentiment compared to other similar companies. This could potentially limit any positive impact of the decrease in short interest.
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IMPORTANCE 70
RELEVANCE 100