(HD) - Analyzing Home Depot's Short Interest
Portfolio Pulse from Benzinga Insights
Home Depot's (NYSE:HD) short percent of float has decreased by 4.04% since its last report, with 9.57 million shares sold short, representing 0.95% of all regular shares available for trading. This suggests that traders are becoming less bearish on the stock. Compared to its peers, Home Depot has less short interest, with the average for its peer group being 17.20%.
July 26, 2023 | 6:45 pm
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The decrease in short interest for Home Depot suggests a less bearish sentiment among traders, which could potentially lead to a more stable or positive price movement in the short term.
Short interest is a measure of market sentiment towards a particular stock. A decrease in short interest suggests that traders are less bearish, meaning they expect the stock price to either remain stable or increase. As such, this could potentially lead to a more stable or positive price movement for Home Depot in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100