Looking Into Royal Gold's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Royal Gold (NYSE:RGLD) has seen a 21.56% increase in short interest since its last report, with 2.67 million shares sold short, representing 6.09% of its float. This indicates a bearish market sentiment, although it's higher than its peer group average of 2.37% short interest. The data suggests caution, as an increase in short interest can signal market expectations of a price decline, but it also could be seen as a bullish sign if investors anticipate a short squeeze.
May 06, 2024 | 4:00 pm
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Royal Gold's significant increase in short interest suggests a bearish sentiment among investors, potentially impacting its stock price negatively in the short term.
The increase in short interest for Royal Gold indicates that a larger number of investors are betting against the stock, expecting its price to fall. This bearish sentiment, especially when compared to its peers, could lead to a decrease in stock price in the short term. However, the situation could reverse if a short squeeze occurs, where the price rises and short sellers are forced to cover their positions at a loss.
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