(BLDR) - Analyzing Builders FirstSource's Short Interest
Portfolio Pulse from Benzinga Insights
Builders FirstSource (NYSE:BLDR) has seen a 22.02% increase in its short percent of float, now at 4.1% of all regular shares available for trading. This is higher than the peer group average of 3.56%. The increase in short interest can signal bearish sentiment but does not necessarily predict a near-term price drop.
June 14, 2024 | 6:45 pm
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Builders FirstSource has experienced a significant increase in short interest, now at 4.1% of its float, which is higher than its peers' average. This could indicate bearish sentiment among investors.
The significant increase in short interest suggests that more investors are betting against the stock, which can be a bearish signal. However, it does not guarantee a near-term price drop.
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