(SO) - Analyzing Southern's Short Interest
Portfolio Pulse from Benzinga Insights
Southern's (NYSE:SO) short interest has increased by 3.85%, with 11.72 million shares sold short, representing 1.08% of available shares. It would take 2.23 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Southern has less short interest compared to its peer group average of 2.49%. The rise in short interest does not necessarily predict a near-term price drop.
December 11, 2023 | 2:15 pm
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Southern's short interest has risen, but remains below its peer group average. This could indicate bearish sentiment but isn't a definitive predictor of near-term price movement.
While the increase in short interest suggests that some investors are bearish, Southern's short interest is still lower than its peers, which could mitigate concerns. The short-term impact on the stock price is uncertain as short interest is just one of many factors that can affect stock prices.
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IMPORTANCE 60
RELEVANCE 80