How Is The Market Feeling About Simpson Manufacturing Co?
Portfolio Pulse from Benzinga Insights
Simpson Manufacturing Co (NYSE:SSD) has seen a 12.01% increase in its short percent of float, now at 3.45%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 3.98%.
August 30, 2024 | 3:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Simpson Manufacturing Co's short interest has increased by 12.01%, reaching 3.45% of the float. This rise in short interest suggests growing bearish sentiment, although it remains below the peer average of 3.98%.
The increase in short interest indicates that more investors are betting against the stock, which typically suggests a bearish outlook. However, since the short interest is still below the peer average, the impact might be moderated.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100