Looking Into Home Depot's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Home Depot's (NYSE:HD) short percent of float has fallen 7.37% since its last report, with 8.85 million shares sold short, which is 0.88% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Home Depot has less short interest, with an average of 17.24% for its peer group.
August 21, 2023 | 2:30 pm
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Decrease in short interest could indicate a more bullish sentiment towards Home Depot's stock. The company's short interest is also lower than its peer group average.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This, combined with the fact that Home Depot's short interest is lower than its peer group average, could potentially have a positive impact on the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100