Peering Into Redfin's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Redfin's short interest has decreased by 10.67%, with 20.08 million shares sold short, representing 19.84% of its float. This is higher than its peers' average short interest of 5.45%. The decrease in short interest may indicate a shift towards a more bullish sentiment.
October 14, 2024 | 5:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Redfin's short interest has decreased by 10.67%, with 20.08 million shares sold short, representing 19.84% of its float. This is higher than its peers' average short interest of 5.45%. The decrease in short interest may indicate a shift towards a more bullish sentiment.
The decrease in short interest suggests a potential shift in market sentiment towards Redfin, possibly indicating a more bullish outlook. However, the short interest remains significantly higher than its peers, which could still imply some bearish sentiment. Overall, the reduction in short interest is a positive sign for Redfin's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100