How Is The Market Feeling About Hims & Hers Health?
Portfolio Pulse from Benzinga Insights
Hims & Hers Health (NYSE:HIMS) has seen a 6.65% decrease in its short percent of float, now at 13.05%. This indicates a potential shift in market sentiment as fewer shares are being shorted. The company's short interest is higher than its peers, which average 8.96%.
October 22, 2024 | 4:00 pm
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Hims & Hers Health's short interest has decreased by 6.65%, now at 13.05% of float. This suggests a potential shift in market sentiment as fewer shares are being shorted, although the short interest remains higher than its peers.
The decrease in short interest suggests that traders are less bearish on Hims & Hers Health, which could lead to a positive short-term impact on the stock price. However, the short interest is still higher than its peers, indicating some level of caution remains.
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