How Is The Market Feeling About Home Depot?
Portfolio Pulse from Benzinga Insights
Home Depot's (NYSE:HD) short percent of float has risen 16.67% since its last report, with 14.11 million shares sold short, representing 1.4% of all regular shares available for trading. The company's peer group average for short interest as a percentage of float is 6.07%, indicating less short interest than most of its peers.
May 22, 2023 | 4:30 pm
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Home Depot's short percent of float has increased, but it still has less short interest than most of its peers, indicating mixed market sentiment.
The increase in short interest for Home Depot indicates that some investors are becoming more bearish on the stock. However, the company still has less short interest than most of its peers, which suggests that the overall market sentiment is mixed. This could result in a neutral short-term impact on the stock price.
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