Peering Into Deckers Outdoor's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Deckers Outdoor (NYSE:DECK) has seen a significant increase in short interest, rising 508% since its last report. Currently, 6.08% of its float is sold short, which is below the peer group average of 6.84%. This increase in short interest may indicate bearish sentiment, but it doesn't necessarily predict a stock price decline.
October 22, 2024 | 7:45 pm
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Deckers Outdoor's short interest has increased by 508%, now at 6.08% of its float. This suggests a bearish sentiment but is still below the peer average of 6.84%. The stock may not necessarily decline, but traders should be cautious.
The significant rise in short interest suggests increased bearish sentiment towards Deckers Outdoor. However, since the short interest is still below the peer average, it may not lead to an immediate price decline. Traders should monitor the situation closely.
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