(SSD) - Analyzing Simpson Manufacturing Co's Short Interest
Portfolio Pulse from Benzinga Insights
Simpson Manufacturing Co (NYSE:SSD) has seen a decrease in short interest, now at 2.92% of its float, down 3.31% from the last report. With 820,000 shares sold short, it would take about 4.49 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards SSD among investors. Compared to its peers, SSD has a lower short interest percentage, with the average for its peer group at 3.86%.
April 18, 2024 | 7:00 pm
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Simpson Manufacturing Co's short interest has decreased, suggesting a potentially more bullish sentiment from investors.
A decrease in short interest often signals that investors are becoming more optimistic about a stock's future performance. For SSD, this reduction in short interest could lead to a short-term positive impact on its stock price as it indicates a decrease in bearish sentiment among traders. Additionally, being below its peer group average in short interest further strengthens the potential for a positive outlook.
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