How Is The Market Feeling About Newmont?
Portfolio Pulse from Benzinga Insights
Newmont's short interest has increased by 23.68%, with 21.14 million shares sold short, representing 2.35% of its float. This is below the peer group average of 3.26%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 27, 2024 | 7:45 pm
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NEUTRAL IMPACT
Newmont's short interest has increased by 23.68%, with 21.14 million shares sold short, representing 2.35% of its float. This is below the peer group average of 3.26%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests a bearish sentiment among investors, but since Newmont's short interest is still below the peer average, the impact on the stock price may be neutral in the short term. The market sentiment is mixed, and the stock price may not necessarily decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100