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Newmont Corporation (NYSE:NEM) Sees Large Growth in Short Interest
Newmont Corporation (NYSE:NEM) experienced a significant 19.7% increase in short interest during February, reaching 22.4 million shares. This rise in bearish sentiment contrasts with the company’s strong recent financial performance, where it beat EPS and revenue estimates and raised its quarterly dividend. Despite the increased short interest, analysts maintain a “Buy” rating for Newmont with an average price target of $134.15.