How Is The Market Feeling About Deere?
Portfolio Pulse from Benzinga Insights
Deere's (NYSE:DE) short percent of float has risen 5.06% since its last report, with 2.38 million shares sold short, which is 0.83% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Deere has less short interest as a percentage of float, which is 2.92% on average.
October 05, 2023 | 3:45 pm
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Deere's short percent of float has increased, indicating a bearish sentiment. However, it has less short interest compared to its peers.
The increase in short percent of float indicates that more investors are betting against Deere, which could put downward pressure on the stock price in the short term. However, the fact that Deere has less short interest compared to its peers could mean that it is less likely to experience a significant drop in price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100