Looking Into Southern's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Southern's short interest has increased by 18.52%, with 20.95 million shares sold short, representing 1.92% of its float. This is below the peer group average of 2.16%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 14, 2024 | 8:30 pm
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Southern's short interest has increased by 18.52%, with 20.95 million shares sold short, representing 1.92% of its float. This is below the peer group average of 2.16%. 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 Southern'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 could change if the short interest continues to rise or if other factors come into play.
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