Peering Into Dow's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Dow's (NYSE:DOW) short percent of float has risen 5.62% since its last report, with 11.87 million shares sold short, which is 1.69% of all regular shares available for trading. It would take traders 2.75 days to cover their short positions on average. Dow's peer group average for short interest as a percentage of float is 5.18%, which means the company has less short interest than most of its peers.
October 25, 2023 | 2:00 pm
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Dow's short percent of float has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
An increase in short interest can indicate a bearish sentiment among traders, which could potentially lead to a decrease in the stock's price. However, Dow's short interest is less than its peers, which could mean that the bearish sentiment is not as strong for Dow as it is for other companies in its peer group. Therefore, the impact on Dow's stock price is uncertain in the short term.
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IMPORTANCE 70
RELEVANCE 100