How Is The Market Feeling About Deere?
Portfolio Pulse from Benzinga Insights
Deere & Company (NYSE:DE) has seen a 6.32% increase in short interest since its last report, with 2.91 million shares sold short, representing 1.01% of available shares. It would take about 2.42 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Deere has less short interest compared to its peer group average of 2.37%. The rise in short interest does not necessarily predict a near-term price drop.
November 10, 2023 | 3:15 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Deere & Company's short interest has increased, but it remains below the peer group average. This could indicate bearish sentiment but doesn't necessarily predict a price drop.
The increase in short interest suggests that some investors are bearish on Deere. However, since the short interest is below the peer average and the article suggests that increasing short interest can sometimes be bullish, the short-term impact on DE's stock price is uncertain. The score is neutral due to these mixed signals.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80