Peering Into Deere's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Deere & Company's (NYSE:DE) short interest has decreased by 10.09% since the last report, with 2.71 million shares sold short, representing 0.98% of its float. The current short interest suggests a bullish sentiment among investors, as it takes approximately 1.74 days to cover all short positions. Deere's short interest is lower than its peer group average of 3.38%, indicating relatively less bearish sentiment compared to its peers.
April 03, 2024 | 7:45 pm
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Deere & Company's short interest has decreased, indicating a potential increase in bullish sentiment among investors.
A decrease in short interest typically indicates that investors are becoming more optimistic about a company's future performance. For Deere & Company, the significant drop in short interest, coupled with its lower short interest compared to peers, suggests a stronger bullish sentiment which could lead to a short-term positive impact on its stock price.
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