Looking Into POSCO Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
POSCO Holdings (NYSE:PKX) has seen a decrease in short interest, with the short percent of float falling 4.17% since the last report. The company has 707 thousand shares sold short, representing 0.23% of available shares, with a cover time of 4.52 days. This decline in short interest may indicate a more bullish sentiment among investors, although it does not necessarily predict a near-term price rise. POSCO Holdings has less short interest compared to its peer group average of 4.72%.
January 09, 2024 | 4:45 pm
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POSCO Holdings's short interest has decreased, which could be a sign of increasing bullish sentiment among investors. However, this does not guarantee a rise in the stock price in the short term.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a potential increase in the stock price. However, the impact on the stock price is not certain and depends on broader market conditions and investor sentiment.
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