Looking Into Hewlett Packard's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Hewlett Packard's (NYSE:HPE) short interest has decreased by 27.78%, with 23.74 million shares sold short, representing 2.08% of its float. This decrease in short interest could indicate a more bullish sentiment towards HPE among investors. Compared to its peers, HPE has a lower short interest percentage of float, with the average being 6.34%.
April 05, 2024 | 5:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Hewlett Packard's short interest has significantly decreased, indicating a potential shift towards a more bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a company's future prospects. For HPE, this significant drop in short interest could reduce selling pressure and potentially lead to a price increase in the short term, especially since it's also lower than the peer group average.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90