Looking Into D.R. Horton's Recent Short Interest
Portfolio Pulse from Benzinga Insights
D.R. Horton's (NYSE:DHI) short interest has increased by 21.34% since the last report, with 5.24 million shares sold short, representing 1.99% of its float. This indicates a bearish sentiment among investors, although it's not a definitive predictor of stock movement. The company's short interest is below its peer group average of 5.94%, suggesting less bearish sentiment compared to its peers.
March 12, 2024 | 5:15 pm
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D.R. Horton's increased short interest suggests a bearish sentiment among investors, but it's below the peer average, indicating less negativity compared to peers.
The increase in short interest for D.R. Horton suggests that investors are becoming more bearish on the stock, potentially leading to downward pressure on its price in the short term. However, being below the peer average in short interest might mitigate some negative sentiment compared to its competitors.
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