How Is The Market Feeling About Mohawk Industries?
Portfolio Pulse from Benzinga Insights
Mohawk Industries (NYSE:MHK) has seen an 8.46% increase in its short percent of float, now at 3.59% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, Mohawk's short interest is lower than the peer group average of 6.07%.
June 28, 2024 | 1:00 pm
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Mohawk Industries has experienced an 8.46% increase in short percent of float, now at 3.59%. This rise in short interest suggests growing bearish sentiment among investors. However, its short interest remains below the peer group average of 6.07%.
The increase in short interest indicates that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the fact that its short interest is still below the peer group average may mitigate some of this negative sentiment.
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