Looking Into Southern's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Southern's (NYSE:SO) short interest has decreased by 4.96%, now standing at 12.51 million shares or 1.15% of its float. This decline in short interest, which now takes an average of 2.54 days to cover, could indicate a more bullish sentiment towards the stock. Compared to its peers, Southern has a lower short interest percentage of float, with the average for its peer group being 2.66%.

March 13, 2024 | 6:30 pm
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Southern's short interest has decreased, indicating a potential bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Southern, this reduction in short interest could lead to a short-term positive impact on its stock price as it reflects a more bullish sentiment among traders and investors. Additionally, being below its peer group average in short interest further strengthens the potential for a positive outlook.
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IMPORTANCE 75
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