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Newmont Corporation (NYSE:NEM) Short Interest Down 13.4% in February
Newmont Corporation (NYSE:NEM) experienced a 13.4% drop in short interest in February, reducing the total shorted shares to 18,702,308 with a days-to-cover ratio of 1.9. This decrease indicates reduced bearish sentiment, further supported by the company’s strong Q4 earnings beat, increased dividend, and analyst upgrades that resulted in a “Moderate Buy” consensus. However, some negative sentiment was noted due to gold price pullbacks and short-term analyst skepticism.