(CTVA) - Analyzing Corteva's Short Interest
Portfolio Pulse from Benzinga Insights
Corteva (NYSE:CTVA) has seen a decrease in short interest, with the short percent of float dropping 3.01% since the last report. The company has 8.03 million shares sold short, which is 1.29% of available shares for trading, taking an average of 2.33 days to cover. This decline in short interest may indicate a more bullish sentiment among investors. Corteva's short interest is below its peer group average of 3.97%.
November 14, 2023 | 3:15 pm
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Corteva's short interest has decreased, which could suggest a more bullish sentiment from investors and potentially lead to a short-term positive impact on the stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to a positive impact on the stock price in the short term. However, the article also cautions that this does not necessarily mean the stock will rise, so while the impact is likely positive, there is some uncertainty.
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