Peering Into POSCO Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
POSCO Holdings (NYSE:PKX) has seen a 20% decrease in short interest since its last report, with 716 thousand shares sold short, representing 0.24% of its float. The average time to cover these short positions is 8.01 days. Short interest is a market sentiment indicator, and the decrease suggests investors may be becoming more bullish on PKX. Compared to its peers, PKX has a lower short interest as a percentage of float, with an average of 4.73% among its peers.
December 15, 2023 | 8:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
POSCO Holdings's short interest has decreased, suggesting a more bullish sentiment among investors. The company's short interest is significantly lower than its peer average.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a potential increase in its price in the short term. Since PKX's short interest is lower than its peers, this could be seen as a positive sign by the market, potentially leading to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100