Peering Into Pool's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Pool Corporation's (NYSE:POOL) short interest has decreased by 5.2% since the last report, with 4.01 million shares sold short, representing 13.67% of its float. This indicates a bearish sentiment, although it's lower than before. The peer group average for short interest is significantly lower at 2.78%, highlighting Pool's higher bearish sentiment compared to its peers.
March 14, 2024 | 7:30 pm
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Pool Corporation's short interest has decreased, indicating a potential decrease in bearish sentiment among investors.
A decrease in short interest typically indicates that investors are becoming less bearish on the stock, which could lead to a short-term increase in its price. However, with Pool's short interest still significantly higher than its peers, this suggests a mixed sentiment that could limit the upside potential.
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