Looking Into Trex Co's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Trex Co's short interest has fallen by 5.8%, with 5.36 million shares sold short, representing 5.68% of its float. This is higher than its peers' average of 3.96%. It would take traders 4.44 days to cover their short positions.
August 09, 2024 | 2:15 pm
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Trex Co's short interest has decreased by 5.8%, now at 5.68% of its float, which is higher than its peers' average of 3.96%. It would take traders 4.44 days to cover their short positions.
The decrease in short interest suggests a more bullish sentiment among investors. However, the short interest is still higher than its peers, indicating some level of bearish sentiment remains. Overall, the reduction in short interest is likely to have a positive short-term impact on the stock price.
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