Looking Into DuPont de Nemours's Recent Short Interest
Portfolio Pulse from Benzinga Insights
DuPont de Nemours (NYSE:DD) has seen a 14.5% decrease in short interest since its last report, with 7.32 million shares sold short, representing 1.71% of its float. The average time to cover these short positions is 1.91 days. A decrease in short interest can indicate a more bullish sentiment among investors. DuPont has a lower short interest compared to its peer group average of 3.99%.
November 30, 2023 | 6:00 pm
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DuPont de Nemours has experienced a significant decrease in short interest, which may suggest a more bullish sentiment from investors and could lead to a short-term positive impact on the stock price.
The reduction in short interest for DuPont de Nemours indicates that fewer investors are betting on the stock price to fall, which could reduce selling pressure and potentially lead to a short-term increase in the stock price. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee a rise in the near term.
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