Looking Into Meritage Homes's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Meritage Homes (NYSE:MTH) has seen a 35.74% increase in short interest, now at 4.52% of its float. This indicates a bearish sentiment among investors, although it is still below the peer group average of 5.39%. It would take traders 2.1 days to cover their short positions.
July 02, 2024 | 8:30 pm
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Meritage Homes has experienced a significant increase in short interest, rising by 35.74% to 4.52% of its float. This suggests a growing bearish sentiment among investors, although the short interest is still below the peer group average of 5.39%.
The significant increase in short interest indicates that investors are becoming more bearish on Meritage Homes. This could lead to downward pressure on the stock price in the short term, although the short interest is still below the peer average, which may mitigate some of the negative impact.
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IMPORTANCE 80
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