How Is The Market Feeling About Fomento Economico?
Portfolio Pulse from Benzinga Insights
Fomento Economico's (NYSE:FMX) short percent of float has fallen 9.38% since its last report, with 616 thousand shares sold short, which is 0.29% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Fomento Economico has less short interest as a percentage of float, with an average of 6.89%.
October 09, 2023 | 5:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Decrease in short interest in Fomento Economico could indicate a more bullish sentiment towards the stock. The company's short interest is lower than its peers' average.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock. Fomento Economico's short interest has decreased, which could indicate a more bullish sentiment. Additionally, the company's short interest is lower than its peers' average, which could be a positive sign for the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100