(SO) - Analyzing Southern's Short Interest
Portfolio Pulse from Benzinga Insights
Southern's (NYSE:SO) short interest has increased by 6.14%, reaching 13.17 million shares or 1.21% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 2.53%. The rise in short interest doesn't necessarily predict a price drop but suggests increased short selling activity.
February 07, 2024 | 3:45 pm
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Southern's short interest has risen, indicating a bearish sentiment but still below peer average. This could lead to increased volatility.
The increase in short interest for Southern suggests a bearish sentiment among investors, which could lead to increased volatility in the short term. However, being below the peer average indicates that the sentiment is not as negative compared to its peers, which might mitigate the impact on the stock price.
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