Looking at the Latest Short Interest Activity for Deckers Outdoor Corp

Deckers Outdoor Corp Short Interest Update

Recent data shows that the short interest for Deckers Outdoor Corp (NYSE: DECK) has dropped by 29.21% since the previous report. Currently, there are 3.92 million shares sold short, which accounts for 3.66% of the total shares available for public trading. At the current trading volume, it would take traders an average of 1.11 days to cover all short positions.

The Significance of Short Interest

Short interest refers to the total number of shares that have been sold short but have not yet been repurchased or closed. Short selling involves selling shares that the trader does not own, aiming to profit if the stock price declines. If the price drops, the trader benefits; if it rises, they incur a loss.

Monitoring short interest is valuable because it provides insight into how investors feel about a particular stock. A rise in short interest often indicates growing pessimism, while a decline may suggest increasing optimism among investors.

Short Interest Trends for Deckers Outdoor Corp (Last 3 Months)

The chart above illustrates that the proportion of Deckers Outdoor Corp shares sold short has decreased since the last update. While this reduction does not guarantee an immediate price increase, it does indicate that fewer shares are being targeted by short sellers.

How Deckers Outdoor Corp Compares to Its Industry Peers

Analysts and investors often compare companies to similar businesses—known as peers—based on factors like industry, size, age, and financial structure. Peer groups can be identified through company filings or independent research.

According to Benzinga Pro, the average short interest as a percentage of float among Deckers Outdoor Corp’s peers is 9.38%. This means Deckers Outdoor Corp has a lower short interest than most comparable companies.

This article was created using Benzinga’s automated content platform and reviewed by an editor.

Deckers Outdoor Corp Stock Snapshot