Peering Into Vulcan Materials's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Vulcan Materials (NYSE:VMC) has seen a 29.35% increase in its short percent of float, now at 2.38% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. The company's short interest is higher than the average of its peers.
June 14, 2024 | 1:15 pm
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Vulcan Materials has experienced a significant increase in short interest, rising by 29.35% to 2.38% of its float. This suggests a growing bearish sentiment among investors, which could lead to increased volatility in the stock price.
The increase in short interest indicates that more investors are betting against the stock, which could lead to downward pressure on the stock price. However, it also means that any positive news could trigger a short squeeze, adding to volatility.
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