Looking Into Newmont's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Newmont's (NYSE:NEM) short interest has decreased by 31.6% since the last report, with 20.90 million shares sold short, representing 1.97% of available shares. The average time to cover these short positions is 1.63 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Newmont has a lower short interest compared to its peer group average of 2.78%.
December 19, 2023 | 1:00 pm
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Newmont's short interest has significantly decreased, suggesting a more bullish market sentiment and potentially less downward pressure on the stock price in the short term.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could reduce selling pressure and potentially lead to a rise in the stock price. However, short interest is just one of many factors that can affect stock prices, and the impact may not be immediate or as significant as other market forces.
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