Looking Into Newmont's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Newmont's (NYSE:NEM) short interest has increased by 14.35% since the last report, with 22.31 million shares sold short, representing 2.47% of its float. This indicates a bearish market sentiment, although it's lower than its peer group average of 3.79%. The coverage time for these short positions is approximately 1.1 days.
April 08, 2024 | 6:15 pm
News sentiment analysis
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Newmont's short interest has risen, indicating increased bearish sentiment among investors. However, it remains below the peer group average.
The increase in short interest suggests that investors are becoming more bearish on Newmont, potentially leading to downward pressure on the stock price in the short term. However, being below the peer average might mitigate some negative perceptions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100