Looking Into HP's Recent Short Interest
Portfolio Pulse from Benzinga Insights
HP's (NYSE:HPQ) short percent of float has decreased by 5.19% since its last report, with 18.92 million shares sold short, representing 2.19% 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, with the average for its peer group being 6.50%.
July 25, 2023 | 1:30 pm
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HP's short percent of float has decreased, indicating a potentially more bullish market sentiment. This could lead to a positive impact on HP's stock price in the short term.
A decrease in short interest often indicates a more bullish market sentiment as it means fewer investors are betting against the stock. This could lead to a positive impact on HP's stock price in the short term. However, other factors also influence stock prices, so this is not a guaranteed outcome.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100