(MLM) - Analyzing Martin Marietta Materials's Short Interest
Portfolio Pulse from Benzinga Insights
Martin Marietta Materials (NYSE:MLM) has seen a 14.47% increase in short interest since its last report, with 987 thousand shares sold short, representing 1.82% of its float. The short interest now takes approximately 2.63 days to cover. This rise in short interest indicates a more bearish market sentiment towards MLM, although it has less short interest compared to its peer group average of 2.34%. The increase in short interest does not necessarily predict a near-term price fall.
May 08, 2024 | 1:15 pm
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Martin Marietta Materials has experienced a significant increase in short interest, indicating a bearish market sentiment but remains below its peer group average.
The increase in short interest suggests that investors are becoming more bearish on MLM, potentially leading to downward pressure on the stock price in the short term. However, being below the peer average might mitigate some negative perceptions, indicating a mixed impact.
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