How Is The Market Feeling About United States Steel?
Portfolio Pulse from Benzinga Insights
United States Steel (NYSE:X) has seen a 32.03% decrease in its short percent of float, now at 7.15% of all regular shares. This indicates a shift in market sentiment, as fewer shares are being shorted compared to its peers, which have an average short interest of 4.28%.
October 15, 2024 | 4:15 pm
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United States Steel's short interest has decreased by 32.03%, now at 7.15% of float, indicating a potential shift in market sentiment. This could suggest a more bullish outlook compared to its peers.
The decrease in short interest suggests that traders are less bearish on United States Steel, which could lead to a positive impact on the stock price. The company's short interest is higher than its peers, but the reduction indicates a potential shift in sentiment.
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IMPORTANCE 80
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