Peering Into D.R. Horton's Recent Short Interest
Portfolio Pulse from Benzinga Insights
D.R. Horton's (NYSE:DHI) short interest has increased by 6.78% since the last report, with 4.99 million shares sold short, representing 1.89% of its float. It would take about 2.62 days to cover all short positions. This rise in short interest could indicate a more bearish market sentiment towards DHI, although it has less short interest compared to its peers, with an average of 6.25% in the peer group.
April 26, 2024 | 2:15 pm
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NEUTRAL IMPACT
The increase in short interest for D.R. Horton suggests a bearish sentiment among investors, but its position is better than its peers, indicating potential resilience.
The rise in short interest points towards a bearish outlook among traders, which could pressure DHI's stock price in the short term. However, being below its peer group average suggests DHI might be in a relatively stronger position, potentially mitigating some negative impacts. The short-term impact is considered neutral due to these balancing factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90