Peering Into Deere's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Deere & Company's (NYSE:DE) short interest has decreased by 17.59% since the last report, with 2.55 million shares sold short, representing 0.89% of available shares. The average time to cover these short positions is 1.09 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Deere's short interest is below its peer group average of 2.97%. Short interest levels can serve as a market sentiment indicator, but a decline does not necessarily predict a near-term rise in stock price.
December 25, 2023 | 8:15 pm
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Deere's short interest has decreased, which may suggest a more bullish sentiment among investors. The stock may see less downward pressure from short sellers.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could reduce selling pressure and potentially lead to a short-term price increase. However, short interest is just one of many factors that can affect stock price.
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