Looking Into Royal Gold's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Royal Gold's short interest has risen by 9.88%, with 3.26 million shares sold short, representing 7.45% of its float. This is higher than its peers' average short interest of 2.92%. It would take traders 6.64 days to cover their short positions.
May 23, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Royal Gold's short interest has increased by 9.88%, with 3.26 million shares sold short, representing 7.45% of its float. This is significantly higher than its peers' average short interest of 2.92%.
The increase in short interest suggests that investors are becoming more bearish on Royal Gold compared to its peers. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100