Peering Into Deckers Outdoor's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Deckers Outdoor (NYSE:DECK) has seen a decrease in short interest, with the short percent of float falling 18.63% to 4.76% of all shares available for trading. This indicates a reduction in bearish sentiment among traders, as it now takes an average of 3.03 days to cover short positions. Compared to its peers, Deckers Outdoor has a lower short interest percentage, with the peer group average at 7.48%. This data suggests a potentially more bullish outlook for DECK in the short term.
February 26, 2024 | 8:15 pm
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Deckers Outdoor's decrease in short interest suggests a reduction in bearish sentiment, potentially leading to a more positive outlook for the stock in the short term.
The significant drop in short interest for Deckers Outdoor indicates a shift in market sentiment from bearish to potentially bullish. This is further supported by the fact that DECK's short interest is lower than the peer group average, suggesting that it may be in a stronger position relative to its competitors. Given these factors, there is a reasonable basis to expect a positive impact on DECK's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90