Looking Into HP's Recent Short Interest
Portfolio Pulse from Benzinga Insights
HP's (NYSE:HPQ) short percent of float has fallen 3.35% since its last report, with 19.94 million shares sold short, which is 2.31% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards HP. Compared to its peers, HP has less short interest as a percentage of float, with an average of 6.33%.
July 07, 2023 | 8:01 pm
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HP's short percent of float has decreased, indicating a more bullish sentiment. This could potentially lead to an increase in HP's stock price in the short term.
A decrease in short interest often indicates a more bullish sentiment towards a stock. This is because short selling is a strategy used when traders expect a stock's price to fall. Therefore, a decrease in short interest could suggest that traders are less bearish on HP, potentially leading to an increase in its stock price.
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