(NUE) - Analyzing Nucor's Short Interest
Portfolio Pulse from Benzinga Insights
Nucor's short interest has decreased by 5.9%, with 4.98 million shares sold short, representing 2.71% of its float. This is lower than its peers' average of 4.59%. The decrease in short interest may indicate a more bullish sentiment towards Nucor.
November 01, 2024 | 7:00 pm
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Nucor's short interest has decreased by 5.9%, with 4.98 million shares sold short, representing 2.71% of its float. This is lower than its peers' average of 4.59%. The decrease in short interest may indicate a more bullish sentiment towards Nucor.
The decrease in short interest suggests that investors are less bearish on Nucor compared to its peers, which could lead to a positive short-term impact on its stock price. The lower short interest relative to peers indicates a more favorable market sentiment.
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