How Is The Market Feeling About Vulcan Materials?
Portfolio Pulse from Benzinga Insights
Vulcan Materials (NYSE:VMC) has seen a 7.89% decrease in its short percent of float, now at 1.4%. This is lower than its peers' average of 2.92%. The reduced short interest may indicate a more bullish sentiment towards the stock.
October 07, 2024 | 8:00 pm
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Vulcan Materials has experienced a 7.89% decrease in short interest, now at 1.4% of float, which is below the peer average of 2.92%. This could suggest a more bullish market sentiment.
The decrease in short interest suggests that fewer investors are betting against Vulcan Materials, which can be interpreted as a sign of increased confidence in the stock. This is further supported by the fact that its short interest is below the peer average, indicating relatively stronger sentiment compared to its industry peers.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100