Peering Into Southern's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Southern's (NYSE:SO) short interest has increased by 3.7%, with 12.20 million shares sold short, representing 1.12% of available shares. It would take about 3.01 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 2.38%. The rise in short interest does not necessarily predict a near-term price fall.
December 27, 2023 | 6:45 pm
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NEUTRAL IMPACT
Southern's short interest has risen, but remains below its peer group average. This could indicate some bearish sentiment, but not as strong as in other companies in its sector.
The increase in short interest suggests that some investors are bearish on Southern. However, since the short interest is below the peer group average, the bearish sentiment is not as pronounced. The impact on the stock price is uncertain, hence a neutral score is given.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80