(DD) - Analyzing DuPont de Nemours's Short Interest
Portfolio Pulse from Benzinga Insights
DuPont de Nemours (NYSE:DD) has seen an 86.96% increase in its short percent of float since the last report, with 10.70 million shares sold short, representing 2.58% of available shares. This indicates a bearish sentiment among investors, though it's below the peer group average of 3.79%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearish activity.
March 07, 2024 | 8:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
DuPont de Nemours's short interest has significantly increased, indicating a bearish market sentiment towards the stock.
The substantial rise in short interest for DuPont de Nemours suggests that investors are increasingly bearish on the stock. This could lead to increased selling pressure in the short term. However, the fact that it's below the peer average might mitigate some negative impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90