(HNST) - Analyzing Honest Co's Short Interest
Portfolio Pulse from Benzinga Insights
Honest Co (NYSE:HNST) has seen a significant rise in its short interest, with a 129.45% increase since the last report. The company now has 3.03 million shares sold short, representing 3.74% of its float. This increase in short interest could indicate bearish sentiment among investors, although it is lower than the peer group average of 6.40%.
August 08, 2024 | 6:45 pm
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Honest Co (NYSE:HNST) has experienced a 129.45% increase in short interest, now at 3.74% of its float. This could indicate bearish sentiment among investors, although it remains below the peer group average of 6.40%.
The significant rise in short interest suggests that investors are increasingly bearish on Honest Co's stock. While this does not guarantee a price drop, it indicates a negative market sentiment. However, the short interest is still below the peer average, which could mitigate some of the bearish impact.
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