Peering Into Southern's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Southern (NYSE:SO) has seen a 3.7% decrease in short interest since its last report, with 11.30 million shares sold short, representing 1.04% of available shares. The average time to cover these short positions is 2.73 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Southern has less short interest compared to its peer group average of 2.25%.
November 22, 2023 | 6:45 pm
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Southern's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a short-term increase in stock price as short sellers cover their positions. However, the impact may be moderate as the short interest is only a small percentage of the float and the article suggests that this does not necessarily mean the stock will rise.
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