Peering Into Southern Copper's Recent 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. This decrease in short interest could signal a more bullish sentiment towards the stock. However, Southern Copper's short interest as a percentage of float is higher than its peer group average of 4.18%.
October 13, 2023 | 3:00 pm
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Southern Copper's decrease in short interest could indicate a more bullish sentiment towards the stock. However, its short interest is higher than its peer group average.
A decrease in short interest usually indicates a more bullish sentiment towards a stock. However, Southern Copper's short interest is higher than its peer group average, which could indicate a more bearish sentiment compared to its peers. This mixed signal makes it difficult to predict the short-term price direction.
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IMPORTANCE 75
RELEVANCE 100