Looking Into Freeport-McMoRan's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Freeport-McMoRan's short interest has decreased by 3.97%, with 20.78 million shares sold short, representing 1.45% of its float. This is lower than the peer average of 3.85%, indicating a relatively bullish sentiment. It would take 1.64 days to cover these positions.
September 02, 2024 | 3:45 pm
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Freeport-McMoRan's short interest has decreased by 3.97%, with 20.78 million shares sold short, representing 1.45% of its float. This is lower than the peer average of 3.85%, indicating a relatively bullish sentiment. It would take 1.64 days to cover these positions.
The decrease in short interest suggests a shift towards a more bullish sentiment among investors. With short interest below the peer average, it indicates that investors are less bearish on Freeport-McMoRan compared to its peers. This could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100