Peering Into Nucor's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Nucor's (NYSE:NUE) short interest has risen by 5.78%, with 5.38 million shares sold short, representing 2.93% of its float. This increase in short interest could indicate bearish sentiment, although Nucor's short interest is still below the peer group average of 5.87%.
May 24, 2024 | 1:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Nucor's short interest has increased by 5.78%, with 5.38 million shares sold short, representing 2.93% of its float. This could indicate bearish sentiment, but Nucor's short interest remains below the peer group average of 5.87%.
The increase in short interest suggests that more investors are betting against Nucor, which could be seen as a bearish signal. However, the short interest is still below the peer average, which might mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100