(HPE) - Analyzing Hewlett Packard's Short Interest
Portfolio Pulse from Benzinga Insights
Hewlett Packard (NYSE:HPE) has seen a significant rise in its short interest, with a 92.86% increase since the last report. Currently, 3.51% of its float is sold short, which is below the peer group average of 6.88%. This indicates a more bearish sentiment among investors, although it doesn't necessarily predict a near-term price drop.
October 03, 2024 | 8:30 pm
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Hewlett Packard's short interest has increased by 92.86%, now at 3.51% of its float, indicating a bearish sentiment. However, this is still below the peer average of 6.88%.
The significant increase in short interest suggests that investors are becoming more bearish on HPE. However, since the short interest is still below the peer average, it may not lead to an immediate price drop. The market sentiment is cautious, and investors should monitor the situation closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100