(RS) - Analyzing Reliance's Short Interest
Portfolio Pulse from Benzinga Insights
Reliance (NYSE:RS) has seen a 7.53% decrease in its short interest, now at 2.7% of its float, which is lower than its peers' average of 4.57%. This suggests a more bullish sentiment towards the stock.
October 22, 2024 | 8:00 pm
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Reliance's short interest has decreased by 7.53%, now at 2.7% of its float, indicating a potentially more bullish sentiment compared to its peers, whose average short interest is 4.57%.
The decrease in short interest suggests that investors are less bearish on Reliance compared to its peers, which could lead to a positive short-term impact on the stock price.
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