Peering Into KB Home's Recent Short Interest
Portfolio Pulse from Benzinga Insights
KB Home's (NYSE:KBH) short interest has risen by 21.06%, with 7.02 million shares sold short, representing 14.83% of its float. This is higher than the peer group average of 9.69%. It would take traders 4.83 days to cover their short positions.
August 06, 2024 | 1:15 pm
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NEGATIVE IMPACT
KB Home's short interest has increased by 21.06%, with 7.02 million shares sold short, representing 14.83% of its float. This is significantly higher than its peers' average of 9.69%.
The significant increase in short interest suggests bearish sentiment among investors. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100