How Is The Market Feeling About Commercial Metals?
Portfolio Pulse from Benzinga Insights
Commercial Metals (NYSE:CMC) has seen a 24.67% increase in its short percent of float, now at 3.74% of all regular shares available for trading. This indicates a more bearish sentiment among investors. However, its short interest is still below the peer group average of 6.43%.
July 03, 2024 | 2:45 pm
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Commercial Metals (NYSE:CMC) has experienced a significant increase in short interest, rising by 24.67% to 3.74% of its float. This suggests a bearish sentiment among investors, although its short interest remains below the peer group average of 6.43%.
The significant increase in short interest indicates a bearish sentiment among investors, which could put downward pressure on the stock price in the short term. However, the short interest is still below the peer group average, which may mitigate some of the negative impact.
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