(RGLD) - Analyzing Royal Gold's Short Interest
Portfolio Pulse from Benzinga Insights
Royal Gold (NYSE:RGLD) has seen a decrease in short interest, now at 4.49% of its float, lower than its last report. The short interest represents 2.32 million shares, with a cover time of 6.56 days based on trading volume. This decline in short interest could indicate a more bullish sentiment towards RGLD compared to its peers, where the average short interest is 2.62% of the float.
March 21, 2024 | 4:00 pm
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POSITIVE IMPACT
Royal Gold's short interest has decreased to 4.49% of its float, indicating a potential bullish sentiment among investors. This is higher than the peer group average of 2.62%, suggesting Royal Gold may be viewed more favorably.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. For Royal Gold, this decrease to 4.49% of its float, especially when it's higher than its peers' average, suggests a growing confidence among investors. This could lead to a positive short-term impact on RGLD's stock price as the market reacts to this sentiment shift.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100