How Is The Market Feeling About Sterling Infrastructure?
Portfolio Pulse from Benzinga Insights
Sterling Infrastructure (NYSE:STRL) has seen a 10.43% rise in its short percent of float, now at 4.87%. This indicates increased bearish sentiment among investors. It would take traders 4.74 days to cover their short positions. The company's short interest is higher than its peer group average of 4.77%.
June 26, 2024 | 8:30 pm
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Sterling Infrastructure's short percent of float has risen by 10.43%, now at 4.87%, indicating increased bearish sentiment. It would take traders 4.74 days to cover their short positions.
The increase in short interest suggests that investors are becoming more bearish on Sterling Infrastructure. This could lead to downward pressure on the stock price in the short term as more investors bet against the company.
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