Looking Into Deckers Outdoor's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Deckers Outdoor (NYSE:DECK) has seen a 12.5% increase in short interest, with 940,000 shares sold short, representing 6.12% of its float. This is slightly below the peer group average of 6.63%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
August 30, 2024 | 7:15 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Deckers Outdoor's short interest has increased by 12.5%, now at 6.12% of its float, which is below the peer average of 6.63%. This rise may indicate bearish sentiment but doesn't ensure a price drop.
The increase in short interest suggests a bearish sentiment among investors, but since it's below the peer average, it may not significantly impact the stock price in the short term. The market sentiment is mixed, and the stock's performance will depend on other factors as well.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100