(HD) - Analyzing Home Depot's Short Interest
Portfolio Pulse from Benzinga Insights
Home Depot's (NYSE:HD) short interest has decreased by 8.33% since the last report, with 7.68 million shares sold short, representing 0.77% of available shares. The average time to cover these short positions is 2.55 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Home Depot has a lower short interest compared to its peer group average of 7.29%.
December 13, 2023 | 4:45 pm
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Home Depot's short interest has decreased, which may suggest a more bullish market sentiment and could potentially lead to a short-term positive impact on the stock price.
A decrease in short interest typically indicates that fewer investors are betting on the stock price to fall, which can be a positive sign for the stock's future performance. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee a rise in Home Depot's stock price in the near term.
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