How Is The Market Feeling About Hims & Hers Health?
Portfolio Pulse from Benzinga Insights
Hims & Hers Health (NYSE:HIMS) has seen a 12.74% increase in its short percent of float, now at 10.53%. This indicates a bearish sentiment among investors, as it would take traders 3.25 days to cover their short positions. The company's short interest is higher than its peer group average of 9.44%.
July 26, 2024 | 1:00 pm
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NEGATIVE IMPACT
Hims & Hers Health has experienced a 12.74% increase in short percent of float, now at 10.53%. This suggests a bearish sentiment among investors, as it would take traders 3.25 days to cover their short positions. The company's short interest is higher than its peer group average of 9.44%.
The increase in short interest indicates that more investors are betting against the stock, which is generally a bearish signal. The fact that it would take 3.25 days to cover these positions adds to the negative sentiment. Additionally, the company's short interest is higher than its peers, further indicating a lack of confidence among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100