How Is The Market Feeling About Hecla Mining?
Portfolio Pulse from Benzinga Insights
Hecla Mining's short interest has decreased by 8.02%, with 13.34 million shares sold short, representing 2.18% of its float. This is lower than its peers' average short interest of 3.44%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
September 16, 2024 | 2:15 pm
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Hecla Mining's short interest has decreased by 8.02%, now at 2.18% of its float, which is below the peer average of 3.44%. This reduction may suggest a shift towards a more bullish market sentiment.
The decrease in short interest suggests that fewer investors are betting against Hecla Mining, which could indicate a more positive outlook on the stock. This is further supported by the fact that its short interest is below the peer average, potentially signaling a bullish sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100