(FCX) - Analyzing Freeport-McMoRan's Short Interest
Portfolio Pulse from Benzinga Insights
Freeport-McMoRan (NYSE:FCX) has seen a 22.14% increase in its short percent of float, now at 1.6% of available shares. This indicates a rise in bearish sentiment, although its short interest is lower than the peer average of 3.71%.
October 14, 2024 | 5:30 pm
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Freeport-McMoRan's short interest has increased by 22.14%, now at 1.6% of float, indicating a rise in bearish sentiment. However, its short interest remains below the peer average of 3.71%.
The increase in short interest suggests a rise in bearish sentiment towards Freeport-McMoRan, which could negatively impact its stock price in the short term. However, the short interest is still below the peer average, which might mitigate the negative impact.
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