Looking Into TopBuild's Recent Short Interest
Portfolio Pulse from Benzinga Insights
TopBuild's (NYSE:BLD) short interest has risen by 23.26%, with 839,000 shares sold short, representing 2.65% of its float. This increase in short interest could indicate bearish sentiment among investors. However, TopBuild's short interest is still lower than its peers' average of 10.24%.
July 29, 2024 | 6:45 pm
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TopBuild's short interest has increased by 23.26%, now at 2.65% of its float. This could indicate bearish sentiment, but its short interest is still lower than the peer average of 10.24%.
The increase in short interest suggests that more investors are betting against TopBuild, which could put downward pressure on the stock price in the short term. However, the short interest is still lower than the peer average, which might mitigate some of the negative impact.
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IMPORTANCE 70
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