Looking Into Installed Building Prods's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Installed Building Products (NYSE:IBP) has seen an 18.37% increase in short interest, now at 6.96% of its float. This is higher than its peers' average of 5.31%. It would take traders 3.98 days to cover their short positions.
June 18, 2024 | 1:15 pm
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Installed Building Products (NYSE:IBP) has experienced an 18.37% increase in short interest, now at 6.96% of its float. This is higher than the peer group average of 5.31%. It would take traders 3.98 days to cover their short positions.
The significant increase in short interest suggests that market sentiment towards IBP is becoming more bearish. This could lead to downward pressure on the stock price in the short term as more investors are betting against it.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100