(IP) - Analyzing International Paper's Short Interest
Portfolio Pulse from Benzinga Insights
International Paper (NYSE:IP) has seen a 13.43% decrease in short interest since its last report, with 7.39 million shares sold short, representing 2.45% of its float. The current short interest is below the peer group average of 2.78%. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.
January 19, 2024 | 4:30 pm
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International Paper's short interest has decreased, which may indicate a more bullish sentiment among investors. However, this is not a certain predictor of immediate stock price increase.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a positive sentiment and potentially an increase in stock price. However, the article emphasizes that this is not a definitive predictor of immediate stock price movement, hence the score is cautiously optimistic.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 100