Peering Into Deere's Recent Short Interest
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 indicate a bearish market sentiment towards Deere's stock. However, compared to its peers, Deere has less short interest as a percentage of float, which is 2.62% on average.
October 24, 2023 | 2:45 pm
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The increase in short interest in Deere's stock could indicate a bearish sentiment among traders. However, compared to its peers, Deere has less short interest, which could be a positive sign.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish, while a decrease can signal they have become more bullish. In Deere's case, the increase in short interest could indicate a bearish sentiment among traders. However, compared to its peers, Deere has less short interest, which could be a positive sign.
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