Peering Into Installed Building Prods's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Installed Building Products (NYSE:IBP) has seen a 3.06% increase in its short percent of float, now at 7.07%. This is higher than its peer group average of 5.52%. The company has 1.40 million shares sold short, taking traders an average of 3.4 days to cover their positions.
July 17, 2024 | 4:00 pm
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Installed Building Products (NYSE:IBP) has experienced a 3.06% increase in short interest, now at 7.07%, which is higher than its peer group average of 5.52%. This indicates a growing bearish sentiment among investors.
The 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. The fact that IBP's short interest is higher than its peers further emphasizes the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100