Peering 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 3.45% since its last report, with 9.61 million shares sold short, which is 2.1% of all regular shares available for trading. It would take traders 3.42 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.64%.
August 09, 2023 | 4:00 pm
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NEUTRAL IMPACT
DuPont de Nemours's short percent of float has risen 3.45% since its last report. The company's short interest is less than its peer group average of 3.64%.
The increase in short interest indicates that more investors are betting against DuPont de Nemours, which could put downward pressure on the stock. However, the company's short interest is less than its peer group average, suggesting that it may be less vulnerable to a short squeeze. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100