Peering Into Sterling Infrastructure's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sterling Infrastructure (NYSE:STRL) has seen a 4.19% increase in its short percent of float, now at 5.22%. This indicates a rise in bearish sentiment among investors. However, its short interest is still below the peer group average of 5.26%.
July 16, 2024 | 1:45 pm
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Sterling Infrastructure's short interest has increased by 4.19%, now at 5.22% of float. This rise in short interest suggests growing bearish sentiment, but the company's short interest remains below the peer group average of 5.26%.
The increase in short interest indicates that more investors are betting against the stock, which could lead to 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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