(DD) - Analyzing DuPont de Nemours's Short Interest
Portfolio Pulse from Benzinga Insights
DuPont de Nemours's (NYSE:DD) short percent of float has risen 6.5% since its last report, with 5.96 million shares sold short, which is 1.31% of all regular shares available for trading. It would take traders 2.83 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. DuPont de Nemours's peer group average for short interest as a percentage of float is 3.75%, which means the company has less short interest than most of its peers.
September 13, 2023 | 7:15 pm
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DuPont de Nemours's short percent of float has risen 6.5% since its last report. The company has less short interest than most of its peers, indicating a less bearish sentiment compared to its peers.
The increase in short interest indicates that more investors are betting against the company, which could put downward pressure on the stock. However, the company's short interest is less than its peers, which could indicate less bearish sentiment compared to its peers. The impact on the stock price in the short term is uncertain.
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