Peering Into Corning's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Corning's (NYSE:GLW) short percent of float has decreased by 22.02%, with 14.49 million shares sold short, representing 1.7% of its float. This is lower than the peer group average of 4.02%. The decrease in short interest may indicate a more bullish sentiment among investors.
August 16, 2024 | 6:15 pm
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Corning's short interest has decreased by 22.02%, now at 1.7% of its float, which is lower than the peer group average of 4.02%. This reduction in short interest may indicate a more bullish sentiment among investors.
The significant decrease in short interest suggests that fewer investors are betting against Corning, which can be interpreted as a positive signal for the stock. This is further supported by the fact that Corning's short interest is lower than the average of its peers.
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IMPORTANCE 80
RELEVANCE 100