Southern Copper heads into Monday's print with minimal bearish pressure and options sentiment turning bullish. Short interest sits at just 1.44% of float, down slightly over the past month, while the put/call ratio has dropped sharply in recent sessions.
Short sellers hold 11.82 million shares, representing 1.44% of free float as of April 22. That's down 0.52% over the past month and 0.65% week-over-week. Days to cover stands at 5.87, reflecting low turnover in the borrow. The ORTEX short score of 64.73 suggests moderate short activity relative to historical norms, but well below levels that typically precede volatility. Cost to borrow remains minimal at 0.45%, down 13% over the past month, signaling ample availability and little urgency among bears.
The put/call ratio collapsed to 0.89 on April 23, down from a 20-day average of 1.04. The Z-score of -1.74 indicates unusually bullish positioning, with call volume outpacing puts by a significant margin. This marks a sharp reversal from late March, when the PCR exceeded 1.15. The shift suggests traders are positioning for upside or hedging short exposure ahead of the release.
No recent analyst rating changes or target price updates are available in the snapshot. Coverage appears light or stale heading into the print.
SCCO last reported on February 12, 2026. Prior earnings events occurred January 28 and October 29, 2025. The stock has gained 14.2% over the past month, trading at $182.25, though it pulled back 2.9% on April 23. That recent weakness follows a strong rally tied to copper price momentum.
No active ORTEX Alpha signals are currently triggered for Southern Copper.
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