(SCCO) - Analyzing Southern Copper's Short Interest
Portfolio Pulse from Benzinga Insights
Southern Copper's (NYSE:SCCO) short percent of float has fallen 4.22% since its last report, with 4.84 million shares sold short, which is 5.68% of all regular shares available for trading. It would take traders 5.49 days to cover their short positions on average. The company has more short interest than most of its peers, with an average of 3.30% for its peer group.
November 07, 2023 | 3:30 pm
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Southern Copper's short interest has decreased, indicating a potentially more bullish market sentiment towards the company. However, it still has more short interest than most of its peers.
A decrease in short interest can signal a more bullish market sentiment as it indicates fewer investors are betting on the stock's price to fall. However, Southern Copper still has more short interest than most of its peers, which could indicate a higher level of skepticism towards the company compared to others in its industry.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100