How Is The Market Feeling About Deckers Outdoor?
Portfolio Pulse from Benzinga Insights
Deckers Outdoor (NYSE:DECK) has seen a 17.44% increase in short interest since its last report, with 1.03 million shares sold short, representing 5.59% of its float. This indicates a bearish sentiment among investors, although it's below the peer group average of 9.21%. The rise in short interest suggests caution but doesn't necessarily predict a price drop.
March 21, 2024 | 8:00 pm
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Deckers Outdoor's short interest has increased, indicating a bearish market sentiment. However, it's still below the peer average, suggesting a moderate impact.
The increase in short interest for DECK suggests that investors are becoming more bearish on the stock. However, since it's below the peer average, the impact might be moderate rather than severe. The short interest indicates market sentiment but doesn't guarantee a price movement.
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IMPORTANCE 70
RELEVANCE 90