How Is The Market Feeling About Sterling Infrastructure?
Portfolio Pulse from Benzinga Insights
Sterling Infrastructure (NYSE:STRL) has seen an 11.01% increase in its short percent of float since the last report, with 1.25 million shares sold short, representing 4.74% of available shares. This indicates a bearish market sentiment, although it doesn't necessarily predict a price drop. Sterling Infrastructure has a higher short interest than its peer group average of 3.98%.
March 06, 2024 | 4:30 pm
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Sterling Infrastructure's short interest has increased, indicating a bearish sentiment among investors.
The increase in short interest for Sterling Infrastructure suggests that investors are becoming more bearish on the stock. This could lead to increased selling pressure in the short term. However, it's important to note that high short interest can sometimes lead to a short squeeze if the stock price starts to rise, causing short sellers to cover their positions.
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