Peering Into Deere's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Deere's (NYSE:DE) short percent of float has risen 8.22% since its last report, with 2.28 million shares sold short, which is 0.79% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Deere has less short interest as a percentage of float, which is 2.64% on average.
September 19, 2023 | 8:30 pm
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Deere's short percent of float has increased, indicating a bearish sentiment among investors. However, it's less than its peers' average.
An increase in short interest can indicate a bearish sentiment among investors, which could potentially lead to a decrease in the stock's price. However, Deere's short interest is less than its peers' average, which could mean that the bearish sentiment is not as strong compared to other companies in the same industry.
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IMPORTANCE 75
RELEVANCE 100