Looking Into D.R. Horton's Recent Short Interest
Portfolio Pulse from Benzinga Insights
D.R. Horton (NYSE:DHI) has seen a 9.26% increase in short interest since its last report, with 6.78 million shares sold short, representing 3.54% of its float. It would take about 3.55 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, D.R. Horton has less short interest compared to its peer group average of 6.07%. The rise in short interest doesn't necessarily predict a stock price fall.
December 19, 2023 | 3:15 pm
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D.R. Horton's short interest has increased, which may indicate bearish sentiment, but it's still below the peer group average. The impact on the stock price is uncertain as increased short interest can sometimes be bullish.
The increase in short interest suggests that some investors are expecting the price of DHI to fall, which could lead to negative pressure on the stock price in the short term. However, since DHI's short interest is below the peer average, it may not be as significant a concern. Additionally, sometimes an increase in short interest can lead to a short squeeze, which could drive the price up if the stock moves contrary to short sellers' expectations.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 100