Looking Into DuPont de Nemours's Recent Short Interest
Portfolio Pulse from Benzinga Insights
DuPont de Nemours's (NYSE:DD) short percent of float has risen 19.41% since its last report, with 9.25 million shares sold short, which is 2.03% of all regular shares available for trading. It would take traders 2.39 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.77%.
July 24, 2023 | 3:01 pm
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DuPont de Nemours's short interest has increased, indicating a bearish market sentiment. However, its short interest is less than its peer group average.
An increase in short interest indicates that more investors are betting that the stock price will fall, which is a bearish signal. However, DuPont de Nemours's short interest is less than its peer group average, which could mean that it is less likely to experience a significant price drop compared to its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100