How Is The Market Feeling About Core & Main?
Portfolio Pulse from Benzinga Insights
Core & Main (NYSE:CNM) has seen a significant rise in short interest, with 8.95 million shares sold short, representing 8.55% of its float. This is higher than its peers' average short interest of 3.80%. The increase in short interest could indicate bearish sentiment, but it doesn't necessarily predict a stock price decline.
September 09, 2024 | 7:45 pm
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Core & Main's short interest has increased to 8.55% of its float, indicating a potential bearish sentiment. This is significantly higher than the peer average of 3.80%.
The increase in short interest to 8.55% of float suggests that investors are more bearish on Core & Main compared to its peers, whose average short interest is 3.80%. This could lead to downward pressure on the stock price as more investors bet against it.
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