Looking Into Martin Marietta Materials's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Martin Marietta Materials's (NYSE:MLM) short percent of float has fallen 23.08% since its last report, with 542 thousand shares sold short, which is 1.0% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, MLM has less short interest as a percentage of float, with an average of 1.74%.
October 23, 2023 | 8:15 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Decrease in short interest in Martin Marietta Materials could indicate a more bullish sentiment towards the stock. However, it doesn't necessarily mean the stock price will rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest could mean that investors are less bearish about the stock, which could potentially lead to an increase in the stock price. However, other factors also influence the stock price, so a decrease in short interest doesn't guarantee a price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100