Looking Into Summit Materials's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Summit Materials (NYSE:SUM) has seen a 6.59% decrease in its short percent of float, now at 3.97%. This indicates a potential shift in market sentiment as fewer shares are being shorted. The company's short interest is higher than its peers, which average 1.92%.
May 23, 2024 | 6:45 pm
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Summit Materials has experienced a 6.59% decrease in its short percent of float, now at 3.97%. This suggests a potential shift in market sentiment as fewer shares are being shorted. The company's short interest remains higher than its peers, which average 1.92%.
The decrease in short interest suggests that bearish sentiment is waning, which could lead to a positive short-term impact on the stock price. However, the short interest is still higher than its peers, indicating some level of caution among investors.
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