(PHM) - Analyzing PulteGroup's Short Interest
Portfolio Pulse from Benzinga Insights
PulteGroup's (NYSE:PHM) short interest has decreased by 26.87%, now standing at 3.95 million shares or 2.15% of its float. This decline in short interest could indicate a more bullish sentiment towards PHM among traders. Compared to its peers, PHM has a lower short interest percentage of float, with the average for its peer group being 4.98%. The reduction in short interest does not guarantee a price increase but suggests fewer shares are being shorted.
February 13, 2024 | 7:45 pm
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PulteGroup's short interest has significantly decreased, indicating a potential bullish sentiment among traders. This could lead to less selling pressure and possibly a more favorable short-term price movement.
The decrease in short interest for PulteGroup suggests that traders are becoming more bullish on the stock. This reduction in short positions could lead to less selling pressure, potentially supporting or lifting the stock's price in the short term. Given the comparison with its peers, where PHM has a significantly lower short interest, it stands in a relatively stronger position which might attract positive attention from investors.
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