(DECK) - Analyzing Deckers Outdoor's Short Interest
Portfolio Pulse from Benzinga Insights
Deckers Outdoor (NYSE:DECK) has seen a significant decrease in its short interest, with a drop of 81.85% since the last report. Currently, 1.0% of its shares are sold short, which is lower than the peer group average of 7.49%. This decrease in short interest may indicate a more bullish sentiment towards the stock.
October 01, 2024 | 1:00 pm
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Deckers Outdoor's short interest has decreased by 81.85%, with only 1.0% of shares sold short, compared to a peer average of 7.49%. This suggests a more bullish sentiment towards the stock.
The significant drop in short interest suggests that investors are less bearish on Deckers Outdoor, which could lead to a positive impact on the stock price. The short interest is also notably lower than its peers, indicating a relatively stronger market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100