How Is The Market Feeling About HP?
Portfolio Pulse from Benzinga Insights
HP's (NYSE:HPQ) short percent of float has risen 39.04% since its last report, with 17.54 million shares sold short, which is 2.03% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, HP's peer group average for short interest as a percentage of float is 6.14%, which means the company has less short interest than most of its peers.
September 15, 2023 | 1:00 pm
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HP's short percent of float has risen 39.04%, indicating a bearish sentiment among investors. However, compared to its peers, HP has less short interest.
The increase in short interest indicates that investors are expecting the price of HP's stock to fall. However, the fact that HP has less short interest than its peers could mean that the bearish sentiment is not as strong for HP as it is for other companies in the same industry.
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