(BECN) - Analyzing Beacon Roofing Supply's Short Interest
Portfolio Pulse from Benzinga Insights
Beacon Roofing Supply (NYSE:BECN) has seen a decrease in short interest, now at 4.57% of float, down 10.22% from the last report. With 1.89 million shares sold short, it would take about 3.07 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards BECN, potentially signaling increased bullishness among investors. BECN's short interest is higher than its peer group average of 3.76%.
March 25, 2024 | 1:45 pm
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Beacon Roofing Supply's short interest has decreased, indicating a potential shift towards bullish sentiment among investors.
A decrease in short interest often suggests that investors are becoming more optimistic about a company's future prospects. For BECN, this could mean an increase in stock price in the short term as market sentiment improves. However, it's important to note that short interest is just one of many factors that can influence stock prices.
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