Peering Into Home Depot's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Home Depot's short interest has increased by 11.88%, with 11.26 million shares sold short, representing 1.13% of its float. This is lower than the peer group average of 6.16%. The increase in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 30, 2024 | 6:45 pm
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Home Depot's short interest has risen by 11.88%, with 11.26 million shares shorted, which is 1.13% of its float. This is below the peer average of 6.16%. The increase in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests a bearish sentiment among investors, but since Home Depot's short interest is still below the peer average, the impact on the stock price may be neutral in the short term. The market sentiment is mixed, and the stock price may not necessarily fall.
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