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Sign InNewmont Corporation (NEM) saw a significant 14.8% drop in short interest to 18.1 million shares, reflecting a shift in investor sentiment despite ongoing concerns over operational costs. This trend of declining bearish bets extended beyond the mining sector, with Coca-Cola (KO) reporting a 14.0% decrease in short interest to 46.17 million shares as of March 31st. Similarly, Patterson-UTI Energy (PTEN) experienced a 14.1% decline in short interest, totaling 26.12 million shares. These broad-based movements across consumer goods and energy services suggest a period of significant short-covering as markets digest quarterly performance data. Investors are now weighing these technical improvements against persistent inflationary headwinds in various industries. The data highlights a collective reduction in downside exposure across several major U.S. equities at the close of the quarter.