Looking Into Toll Brothers's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Toll Brothers (NYSE:TOL) has seen an 11.37% increase in short interest since its last report, with 3.90 million shares sold short, representing 4.8% of its float. It would take about 2.27 days to cover these short positions based on current trading volume. This rise in short interest could indicate a more bearish market sentiment towards TOL, although it has less short interest compared to its peer group average of 6.32%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are shorting more shares.

April 05, 2024 | 7:45 pm
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NEUTRAL IMPACT
Toll Brothers has experienced an 11.37% increase in short interest, now at 4.8% of its float, with a peer comparison showing less short interest than average.
The increase in short interest for Toll Brothers indicates a potentially bearish sentiment among traders, but it's important to note that it's still below the peer group average. This mixed signal, along with the fact that an increase in short interest doesn't necessarily predict a price drop, leads to a neutral short-term price direction score. The importance is rated high due to the significant increase in short interest, but not at the maximum because it's still below the peer average. Confidence is high due to the clear data provided but not at the maximum because market reactions can be unpredictable.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100