NL Industries, Inc. (NYSE: NL) experienced a notable increase in short interest during January. As of January 15, the total number of shares sold short reached 117,104, up 20.6% from 97,120 shares at the end of December. This change reflects a growing number of investors betting against the stock.
The average daily trading volume for NL Industries is approximately 89,737 shares, indicating that the short interest represents a significant portion of the stock’s liquidity.
**Why this matters**
An increase in short interest can signal that investors have a more cautious or bearish outlook on a company’s near-term performance. Monitoring changes in short interest helps market participants gauge investor sentiment and potential stock price volatility.
Source: NewsData