(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
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100