Looking Into Eagle Materials's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Eagle Materials (NYSE:EXP) has seen a 30.31% increase in its short percent of float since the last report, with 993 thousand shares sold short, representing 3.31% of available shares. This indicates a bearish market sentiment, although it doesn't necessarily predict a price drop. Eagle Materials has a higher short interest than its peer group average of 1.54%, suggesting more bearish sentiment compared to its peers.
April 03, 2024 | 8:00 pm
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Eagle Materials has experienced a significant increase in short interest, indicating a bearish sentiment among investors. However, this does not necessarily predict a near-term price drop.
The increase in short interest for Eagle Materials suggests a bearish sentiment, but it's important to note that short interest alone does not guarantee a price movement. The comparison with peers indicates a relatively higher bearish sentiment towards EXP, but market dynamics and other factors will ultimately determine the stock's short-term price action.
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