Peering Into Owens-Corning's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Owens-Corning (NYSE:OC) has seen a 15.06% increase in its short percent of float, now at 2.75% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, its short interest is still below the peer group average of 3.62%.
June 26, 2024 | 4:30 pm
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Owens-Corning's short interest has increased by 15.06%, now at 2.75% of float. This rise in short interest suggests growing bearish sentiment, but it remains below the peer average of 3.62%.
The increase in short interest indicates that more investors are betting against Owens-Corning, which could put downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
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IMPORTANCE 80
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