How Is The Market Feeling About Cleveland-Cliffs?
Portfolio Pulse from Benzinga Insights
Cleveland-Cliffs (NYSE:CLF) has seen a 6.72% increase in its short percent of float, now at 10.16%, indicating a bearish sentiment compared to its peers with an average of 4.51%. This could signal potential volatility in the stock's price.
August 23, 2024 | 7:45 pm
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Cleveland-Cliffs has experienced a significant increase in short interest, now at 10.16% of its float, suggesting bearish sentiment. This is higher than its peers' average, indicating potential volatility in the stock price.
The increase in short interest to 10.16% suggests that investors are more bearish on Cleveland-Cliffs compared to its peers, which have an average short interest of 4.51%. This could lead to increased volatility in the stock price as traders may anticipate a decline.
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