How Is The Market Feeling About Mueller Industries?
Portfolio Pulse from Benzinga Insights
Mueller Industries (NYSE:MLI) has seen a 4.17% decrease in its short percent of float, now at 5.97%. This suggests a shift in market sentiment, as fewer shares are being shorted. Despite having higher short interest than its peers, this decrease could indicate a more bullish outlook.
September 10, 2024 | 4:45 pm
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Mueller Industries has experienced a 4.17% decrease in short interest, now at 5.97% of float. This suggests a potential shift towards a more bullish market sentiment, despite having higher short interest than its peers.
The decrease in short interest suggests that fewer investors are betting against Mueller Industries, which could indicate a more positive outlook on the stock. This is significant as it contrasts with the higher short interest compared to peers, potentially signaling a bullish sentiment.
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