(SCCO) - Analyzing Southern Copper's Short Interest
Portfolio Pulse from Benzinga Insights
Southern Copper (NYSE:SCCO) has seen a 4.41% rise in its short percent of float, now at 7.1% of all regular shares available for trading. This is higher than its peers' average of 5.48%. It would take traders 4.52 days to cover their short positions on average.
June 26, 2024 | 5:30 pm
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Southern Copper's short interest has risen to 7.1% of its float, higher than its peers' average of 5.48%. This indicates increased bearish sentiment but could also lead to a short squeeze if the stock price rises.
The rise in short interest suggests increased bearish sentiment towards SCCO. However, this could also lead to a short squeeze if the stock price rises, making the short-term impact neutral.
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