Looking Into DuPont de Nemours's Recent Short Interest
Portfolio Pulse from Benzinga Insights
DuPont de Nemours (NYSE:DD) has seen a 25.83% increase in short interest, with 5.57 million shares sold short, representing 1.51% of its float. This is lower than the peer group average of 3.45%. The rise in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.
June 21, 2024 | 7:45 pm
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DuPont de Nemours has experienced a significant increase in short interest, rising by 25.83% to 1.51% of its float. This could indicate bearish sentiment among investors, although it is still below the peer group average of 3.45%.
The significant increase in short interest suggests that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
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