Looking Into Summit Materials's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Summit Materials (NYSE:SUM) has seen a decrease in its short interest by 8.31%, with 3.93 million shares sold short, representing 3.64% of its float. This is higher than its peers' average short interest of 2.66%.
October 31, 2024 | 7:45 pm
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Summit Materials has experienced a decrease in short interest, which is now at 3.64% of its float, higher than its peers' average. This could indicate a shift in market sentiment towards a more bullish outlook.
The decrease in short interest suggests that fewer investors are betting against Summit Materials, which could indicate a more positive market sentiment. The fact that its short interest is still higher than its peers suggests that there is still some bearish sentiment, but the trend is moving towards bullishness.
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