(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 99.24% since its last report, with 11.93 million shares sold short, which is 2.61% of all regular shares available for trading. It would take traders 5.76 days to cover their short positions on average. The company's short interest is less than its peer group average of 4.00%.
October 18, 2023 | 4:30 pm
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DuPont de Nemours's short interest has increased significantly, indicating a bearish sentiment among traders. However, its short interest is still less than its peer group average.
The significant increase in DuPont de Nemours's short interest indicates that traders are expecting the stock price to fall. However, the fact that its short interest is less than its peer group average suggests that the bearish sentiment is not as strong as it is for other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100