(HPE) - Analyzing Hewlett Packard's Short Interest
Portfolio Pulse from Benzinga Insights
Hewlett Packard's (NYSE:HPE) short interest has decreased by 3.78% since the last report, with 28.37 million shares sold short, representing 2.8% of available shares. The average time to cover these short positions is 4.02 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, HPE has a lower short interest percentage of float, with the peer group average at 6.99%.
January 19, 2024 | 1:30 pm
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Hewlett Packard's (HPE) short interest has decreased, which may suggest a more bullish sentiment among investors and could lead to a potential short-term increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a short-term increase in its price. However, the article also cautions that this does not necessarily mean the stock will rise in the near term, hence the importance is moderate and confidence is not absolute.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100