How Is The Market Feeling About Cleveland-Cliffs?
Portfolio Pulse from Benzinga Insights
Cleveland-Cliffs (NYSE:CLF) has seen a 6.1% increase in its short percent of float, now at 13.39%, indicating a bearish sentiment compared to its peers with an average of 4.10%. This could signal potential volatility in the stock's price.
October 17, 2024 | 4:45 pm
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Cleveland-Cliffs has experienced a 6.1% increase in short interest, now at 13.39% of its float, suggesting bearish sentiment. This is significantly higher than its peers' average of 4.10%, indicating potential volatility.
The increase in short interest to 13.39% suggests that investors are bearish on Cleveland-Cliffs, which could lead to downward pressure on the stock price. The short interest is significantly higher than its peers, indicating a unique sentiment towards CLF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100