Peering Into Newmont's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Newmont's (NYSE:NEM) short interest has decreased by 5.59%, with 17.96 million shares sold short, representing 1.69% of its float. This decrease in short interest could indicate a more bullish sentiment towards NEM. Compared to its peers, NEM has a lower short interest percentage of float (1.69% vs. peer average of 3.18%).
March 07, 2024 | 1:00 pm
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Newmont's short interest has decreased, indicating a potentially bullish market sentiment towards the stock.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Newmont, this reduction in short interest could reduce downward pressure on the stock price, potentially leading to a short-term increase. However, it's important to note that short interest is just one of many factors that can influence stock prices.
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