Looking Into United States Steel's Recent Short Interest
Portfolio Pulse from Benzinga Insights
United States Steel (NYSE:X) has seen a 4.9% increase in short interest, with 16.74 million shares sold short, representing 7.5% of its float. This is higher than its peers' average of 4.39%. The increase in short interest suggests bearish sentiment but could also indicate a potential bullish opportunity.
November 01, 2024 | 6:00 pm
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United States Steel's short interest has increased by 4.9%, now at 7.5% of its float, indicating higher bearish sentiment compared to its peers. This could lead to increased volatility in the stock price.
The increase in short interest suggests that investors are more bearish on United States Steel compared to its peers, which could lead to increased volatility. However, high short interest can also lead to a short squeeze, potentially driving the stock price up if positive news emerges.
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