-71% p.a.
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Introduction to our strategy no description yet Quick Summary Metric Value Return % p.a. -71 Days active 511 …
tickers: HRL
source: Benzinga
tickers affected by this
| ticker | polarity | why? |
|---|---|---|
| HRL | positively | Given the increase in short interest for HRL, there is potential for a short squeeze if positive news or developments occur, leading to a rise in the stock price. Investors should monitor the situation closely for potential upside in the near future. |
our strategies and bots using these tickers
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summary
Peering Into Hormel Foods’s Recent Short Interest
February 20, 2024 12:00 PM
Hormel Foods’ (HRL) short percent of float has seen a significant increase in the latest report, rising by 6.25%. The company disclosed that there are 12.97 million shares sold short, accounting for 2.38% of all regular shares available for trading.
Based on current trading volume, it would take approximately 4.38 days for traders to cover their short positions on average.
Why Short Interest Matters
Short interest represents the number of shares that have been sold short but not yet covered or closed out. Short selling involves traders selling shares of a company they do not own, speculating that the stock price will decline. Monitoring short interest is crucial as it can serve as an indicator of market sentiment towards a specific stock.
An increase in short interest may indicate growing bearish sentiment among investors, while a decrease could suggest a more bullish outlook.
Hormel Foods Short Interest Graph (3 Months)
The chart visualizes the percentage of shares sold short for Hormel Foods, displaying a growth trend since the previous report. While this does not guarantee an imminent stock price decline, it signals an increase in shorting activity that traders should consider.
Comparing Hormel Foods’s Short Interest Against Its Peers
Analysts often compare a company’s short interest with that of its peers to evaluate its performance within the industry. By examining similar companies based on industry, size, age, and financial structure, investors can gain insights into market dynamics.
