Peering Into Dillard's's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Dillard's (NYSE:DDS) has seen a 7.5% decrease in its short percent of float, now at 33.07%. This is significantly higher than its peers' average of 8.65%. It would take traders 7.95 days to cover their short positions.
October 31, 2024 | 3:15 pm
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Dillard's short interest has decreased by 7.5%, now at 33.07% of float, indicating a potential shift in market sentiment. This is higher than the peer average of 8.65%.
The decrease in short interest suggests a potential shift towards a more bullish sentiment among investors. However, the short interest remains significantly higher than its peers, indicating that some bearish sentiment still exists. The high short interest could lead to a short squeeze if positive news emerges, potentially driving the stock price up in the short term.
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