(SITE) - Analyzing SiteOne Landscape Supply's Short Interest
Portfolio Pulse from Benzinga Insights
SiteOne Landscape Supply (NYSE:SITE) has seen a 9.2% decrease in its short percent of float, now at 5.82%. This is higher than its peers' average of 4.25%. It would take traders 9.87 days to cover short positions. A decrease in short interest can indicate a more bullish sentiment.
October 22, 2024 | 7:15 pm
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SiteOne Landscape Supply's short interest has decreased by 9.2%, now at 5.82%, which is higher than its peers' average. This could indicate a shift towards a more bullish sentiment among investors.
The decrease in short interest suggests that investors are becoming less bearish on SiteOne Landscape Supply. Although the short interest is still higher than its peers, the reduction could lead to a more positive outlook on the stock, potentially driving the price up in the short term.
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