Looking Into Deere's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Deere's (NYSE:DE) short percent of float has fallen 7.0% since its last report, with 2.73 million shares sold short, which is 0.93% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Deere. Compared to its peers, Deere has less short interest as a percentage of float, with an average of 2.83%.
July 13, 2023 | 1:15 pm
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Deere's short percent of float has decreased, indicating a more bullish sentiment. This could potentially lead to an increase in the stock's price in the short term.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term. However, other factors also influence stock prices, so this is not a guarantee.
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