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StocksMediumUpdated×3•Originally published 18 April 2026•Updated 19 April 2026•

1 min read

Short Interest Plunges for Newmont and Other Major Stocks as of Late March

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Key Facts

1Newmont's short interest decreased by 14.8% in March, totaling 18.1 million shares.

about 2 months ago

Version History

Version 3about 2 months ago

What changed: The story was updated to include new data on declining short interest for Coca-Cola and Patterson-UTI Energy, indicating a broader market trend beyond Newmont.

Version 2about 2 months ago

What changed: Updated the story to include the analyst rating downgrade driven by rising operational costs, countering the previous bullish sentiment from short interest declines.

Version 1about 2 months ago

What changed: Added the new Zacks Style Scores designation identifying Newmont as a top-tier growth stock.

Newmont 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.