(X) - Analyzing United States Steel's Short Interest
Portfolio Pulse from Benzinga Insights
United States Steel (NYSE:X) has seen a 7.42% increase in its short percent of float, now at 8.83% of available shares. This is higher than its peers' average of 4.81%. The rise in short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.
September 18, 2024 | 8:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
United States Steel's short interest has increased to 8.83%, indicating a potential bearish sentiment among investors. This is significantly higher than the peer average of 4.81%.
The increase in short interest suggests that more investors are betting against United States Steel, which could lead to downward pressure on the stock price. However, this is not a definitive indicator of a price drop, as short interest can also lead to a short squeeze if the stock price rises.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100