Looking Into Stanley Black & Decker's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Stanley Black & Decker's short interest has decreased by 6.48%, with 4.73 million shares sold short, representing 4.04% of its float. This is higher than its peers' average short interest of 2.49%. A decrease in short interest can indicate a more bullish sentiment.
September 12, 2024 | 5:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Stanley Black & Decker's short interest has decreased by 6.48%, now at 4.04% of its float. This reduction may indicate a shift towards a more bullish sentiment among investors, although the company's short interest remains higher than its peers.
The decrease in short interest suggests that fewer investors are betting against Stanley Black & Decker, which can be interpreted as a positive sign for the stock. 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.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100