Peering Into Builders FirstSource's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Builders FirstSource (NYSE:BLDR) has seen a 21.68% increase in short interest, with 3.26 million shares sold short, representing 3.76% of its float. This rise in short interest may indicate bearish sentiment, although BLDR's short interest is below the peer group average of 3.96%.
August 29, 2024 | 8:45 pm
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Builders FirstSource has experienced a significant increase in short interest, which may indicate bearish sentiment. However, its short interest remains below the peer average, suggesting it may not be as heavily targeted as others in its industry.
The increase in short interest suggests that investors are becoming more bearish on BLDR. However, since its short interest is still below the peer average, the bearish sentiment may not be as strong compared to its peers. This could lead to short-term downward pressure on the stock price.
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