How Is The Market Feeling About Home Depot?
Portfolio Pulse from Benzinga Insights
Home Depot's (NYSE:HD) short percent of float has fallen 23.31% since its last report, indicating a more bullish sentiment towards the stock. The company has 10.25 million shares sold short, which is 1.02% of all regular shares available for trading. Compared to its peers, Home Depot has less short interest, with an average of 19.32% for its peer group.
July 07, 2023 | 8:01 pm
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Decrease in short interest indicates a more bullish sentiment towards Home Depot. This could potentially lead to an increase in the stock price.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, potentially leading to an increase in the stock price.
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