How Is The Market Feeling About H&R Block?
Portfolio Pulse from Benzinga Insights
H&R Block (NYSE:HRB) has seen a 9.2% increase in its short percent of float since the last report, with 10.09 million shares sold short, representing 12.22% of available shares. This indicates a bearish market sentiment, although it's not a definitive predictor of stock price movement. H&R Block's short interest is significantly higher than its peer group average of 5.79%, suggesting more bearish sentiment compared to its peers.
February 26, 2024 | 6:15 pm
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H&R Block's increased short interest suggests a bearish market sentiment, potentially impacting its stock price negatively in the short term.
The rise in short interest indicates that a significant number of traders are betting against H&R Block, expecting its stock price to fall. This bearish sentiment, especially being higher than its peers, could lead to downward pressure on the stock price in the short term.
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