(DECK) - Analyzing Deckers Outdoor's Short Interest
Portfolio Pulse from Benzinga Insights
Deckers Outdoor (NYSE:DECK) has seen a 34.96% increase in its short percent of float, now at 6.37%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 6.78%. It would take traders 2.83 days to cover their short positions.
August 09, 2024 | 8:00 pm
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Deckers Outdoor's short interest has increased by 34.96%, now at 6.37% of float. This rise in short interest suggests growing bearish sentiment, although it remains below the peer average of 6.78%.
The significant increase in short interest indicates that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100