Looking Into Stanley Black & Decker's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Stanley Black & Decker's short interest has decreased by 7.18%, with 4.40 million shares sold short, representing 3.75% of its float. This is higher than its peers' average of 2.44%. A decrease in short interest can indicate a more bullish sentiment.
October 07, 2024 | 1:30 pm
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Stanley Black & Decker's short interest has decreased by 7.18%, now at 3.75% of its float, which is higher than its peers' average of 2.44%. This decrease may indicate a shift towards a more bullish sentiment among investors.
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. The fact that its short interest is still higher than its peers indicates that there is still some bearish sentiment, but the trend is moving towards bullishness.
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