(DHI) - Analyzing D.R. Horton's Short Interest
Portfolio Pulse from Benzinga Insights
D.R. Horton (NYSE:DHI) has seen a decrease in short interest, with the current level at 6.55 million shares or 3.39% of float, down 6.61% from the last report. It would take about 3.14 days to cover all short positions. Short interest is a market sentiment indicator, and D.R. Horton's short interest is below its peer group average of 6.61%. While a decline in short interest does not necessarily predict a stock price increase, it indicates that fewer shares are being shorted.
November 10, 2023 | 8:30 pm
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D.R. Horton's short interest has decreased, suggesting a potential bullish sentiment among investors. The stock may see less downward pressure from short selling.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could reduce the likelihood of downward pressure from short selling. However, short interest is just one of many factors that can affect a stock's price, and the article does not suggest an immediate price increase.
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