How Is The Market Feeling About Vulcan Materials?
Portfolio Pulse from Benzinga Insights
Vulcan Materials (NYSE:VMC) has seen a decrease in short interest, with the short percent of float dropping 9.14% since the last report. The company has 1.88 million shares sold short, which is 1.59% of available shares for trading. The average time to cover these short positions is 1.84 days. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price. Vulcan Materials has a slightly higher short interest than its peer group average of 1.57%.
November 17, 2023 | 8:15 pm
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Vulcan Materials has experienced a decline in short interest, which may suggest a more bullish sentiment among investors. However, this change does not guarantee an immediate increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a potential increase in price if the sentiment is strong enough. However, the impact is not certain and will depend on broader market conditions and investor perception.
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