Looking Into D.R. Horton's Recent Short Interest
Portfolio Pulse from Benzinga Insights
D.R. Horton's (NYSE:DHI) short percent of float has fallen 13.39% since its last report, with 8.52 million shares sold short, which is 4.27% of all regular shares available for trading. It would take traders 2.29 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 5.71%.
July 18, 2023 | 1:45 pm
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NEUTRAL IMPACT
D.R. Horton's short interest has decreased, indicating a potentially more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest can signal a more bullish sentiment, meaning investors expect the stock price to rise. However, this is not a guarantee and other factors can influence the stock price. D.R. Horton's short interest has decreased, but this does not necessarily mean the stock price will rise in the near term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100