(HPQ) - Analyzing HP's Short Interest
Portfolio Pulse from Benzinga Insights
HP's (NYSE:HPQ) short percent of float has fallen 31.4% since its last report, with 12.29 million shares sold short, which is 1.42% of all regular shares available for trading. It would take traders 2.9 days to cover their short positions on average. The decrease in short interest can signal that investors have become more bullish. HP's peer group average for short interest as a percentage of float is 6.37%, indicating that the company has less short interest than most of its peers.
August 17, 2023 | 5:00 pm
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HP's short percent of float has decreased, indicating a more bullish sentiment among investors. The company has less short interest than most of its peers.
A decrease in short interest can signal that investors have become more bullish on a stock. In the case of HP, the short percent of float has fallen significantly, which could indicate a positive sentiment among investors. Additionally, HP has less short interest than most of its peers, which could further support a bullish outlook.
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