How Is The Market Feeling About Summit Materials?
Portfolio Pulse from Benzinga Insights
Summit Materials (NYSE:SUM) has seen a 3.52% increase in its short percent of float, now at 3.82% of all regular shares available for trading. This is higher than the peer group average of 2.00%. It would take traders 4.64 days to cover their short positions on average.
June 12, 2024 | 5:45 pm
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Summit Materials has experienced a 3.52% increase in short percent of float, now at 3.82%, indicating a bearish sentiment among investors. This is higher than the peer group average of 2.00%.
The increase in short interest suggests that investors are becoming more bearish on Summit Materials. This could lead to downward pressure on the stock price in the short term.
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