Looking Into Commercial Metals's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Commercial Metals (NYSE:CMC) has seen a 10.43% decrease in short interest, now at 3.06 million shares or 3.52% of float, taking 2.39 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards CMC compared to its peers, where the average short interest is 4.26%.
February 02, 2024 | 7:15 pm
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Commercial Metals's short interest has decreased, indicating potentially more bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For CMC, this reduction in short interest could lead to a positive short-term impact on its stock price as it indicates a shift towards more bullish sentiment, especially when compared to its peers.
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