Looking Into TopBuild's Recent Short Interest
Portfolio Pulse from Benzinga Insights
TopBuild's (NYSE:BLD) short interest has increased by 7.18%, with 662 thousand shares sold short, representing 2.09% of its float. This is lower than the peer group average of 5.51%. The increase in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.
July 05, 2024 | 2:59 pm
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TopBuild's short interest has increased by 7.18%, now at 2.09% of its float. This is lower than the peer group average of 5.51%. The rise in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.
The increase in short interest suggests that more investors are betting against TopBuild, which could indicate bearish sentiment. However, the short interest is still below the peer average, and increased short interest does not guarantee a price drop.
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