(GLW) - Analyzing Corning's Short Interest
Portfolio Pulse from Benzinga Insights
Corning (NYSE:GLW) has seen a 15.71% increase in its short percent of float, now at 1.62% of all regular shares available for trading. This indicates a rise in bearish sentiment, although it has less short interest compared to its peers. It would take traders 2.85 days to cover their short positions.
May 29, 2024 | 1:45 pm
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Corning's short interest has increased by 15.71%, now at 1.62% of float, indicating a rise in bearish sentiment. However, it has less short interest compared to its peers.
The increase in short interest suggests that more investors are betting against Corning, which could put downward pressure on the stock price in the short term. However, the short interest is still lower than its peers, which might mitigate some of the negative impact.
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