Peering Into HP's Recent Short Interest
Portfolio Pulse from Benzinga Insights
HP Inc. (NYSE:HPQ) has experienced a 38.64% increase in short interest since its last report, with 15.89 million shares sold short, representing 1.83% of its float. The average time to cover these short positions is 2.24 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. HP's short interest is below its peer group average of 7.03%, suggesting less bearish sentiment compared to its peers.
January 23, 2024 | 1:15 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
HP Inc.'s short interest has increased, but it remains below the peer group average, indicating less bearish sentiment among investors compared to its peers.
The increase in short interest for HP Inc. suggests that some investors are bearish on the stock. However, since the short interest is below the peer group average, it does not necessarily indicate a strong negative sentiment. The short-term impact on the stock price is uncertain, as short interest is just one of many factors that can affect stock prices.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100