Peering Into Nucor's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Nucor's (NYSE:NUE) short percent of float has fallen 4.03% since its last report, with 5.35 million shares sold short, which is 2.86% of all regular shares available for trading. It would take traders 3.73 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 3.68%.
November 03, 2023 | 5:45 pm
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Nucor's short percent of float has decreased, indicating a potentially more bullish sentiment towards the stock.
A decrease in short interest can signal that investors have become more bullish on a stock. As Nucor's short percent of float has decreased, this could indicate a more positive sentiment towards the stock, potentially leading to an increase in its price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100