Short Sellers Increase Positions Against Material Stocks in October
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Short Interest Trends: Short interest in materials stocks increased to 3.13% of shares float by the end of October, with International Paper becoming the most shorted stock in the sector for the third month in a row.
Most and Least Shorted Stocks: International Paper had a short interest of 10.04%, followed closely by Albemarle at 8.63%. Ecolab was noted as the least shorted stock in the sector.
Industry Analysis: The containers & packaging industry had the highest short interest at 4.36%, while construction materials were the least shorted sub-sector.
Sector Performance: The S&P 500 Materials sector has gained 4.8% this year, underperforming the S&P 500 index, which has increased by approximately 16%.
Analyst Views on VAW
Wall Street analysts forecast VAW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VAW is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
