(RDFN) - Analyzing Redfin's Short Interest
Portfolio Pulse from Benzinga Insights
Redfin's (NYSE:RDFN) short interest has increased by 5.28%, with 17.75 million shares sold short, representing 17.95% of its float. This is significantly higher than its peers' average short interest of 5.21%. The high short interest could indicate bearish sentiment but also presents a potential for a short squeeze.
June 18, 2024 | 6:00 pm
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Redfin's short interest has increased to 17.95% of its float, significantly higher than its peers' average of 5.21%. This could indicate bearish sentiment but also presents a potential for a short squeeze.
The increase in short interest suggests that more investors are betting against Redfin, which could indicate bearish sentiment. However, the high short interest also means there is potential for a short squeeze if the stock price rises, forcing short sellers to cover their positions.
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