Peering Into AZEK Co's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AZEK Co's short interest has fallen by 5.35%, with 4.06 million shares sold short, representing 2.83% of its float. This is lower than the peer group average of 3.64%. The decrease in short interest may indicate a more bullish sentiment among investors.
May 23, 2024 | 2:30 pm
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AZEK Co's short interest has decreased by 5.35%, now at 2.83% of its float, which is lower than the peer group average of 3.64%. This reduction in short interest may indicate a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against AZEK Co, which can be interpreted as a sign of increased confidence in the stock. This could lead to a short-term price increase as bearish sentiment wanes.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100