Peering Into Newmont's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Newmont's (NYSE:NEM) short interest has decreased by 25.91% since the last report, with 16.58 million shares sold short, representing 1.83% 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 (2.85%).

May 01, 2024 | 7:00 pm
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POSITIVE IMPACT
Newmont's short interest has significantly decreased, indicating a potential shift towards a more bullish market sentiment.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Newmont, this reduction could lead to a short-term positive impact on its stock price as it reflects a decrease in bearish sentiment among traders. Additionally, having a lower short interest compared to its peers might make NEM more attractive to investors looking for companies with bullish potential.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90