(DECK) - Analyzing Deckers Outdoor's Short Interest
Portfolio Pulse from Benzinga Insights
Deckers Outdoor (NYSE:DECK) has seen a decrease in short interest, now at 4.92% of its float, lower than the peer group average of 7.03%. This reduction from 909 thousand shares sold short suggests a more bullish sentiment among investors, as it now takes 2.4 days on average to cover short positions.
April 18, 2024 | 7:15 pm
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Deckers Outdoor's short interest has decreased, indicating a potentially more bullish sentiment towards the stock in the short term.
A decrease in short interest typically suggests that investors are less bearish on the stock, potentially leading to less selling pressure and a more positive outlook in the short term. Given DECK's short interest is below its peer group average, this could indicate stronger confidence in DECK's market position and future performance compared to its peers.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90