Rocket Companies Inc's Market Support
Rocket Companies Inc's (NYSE:RKT) short interest as a percent of float has fallen 71.61% since its last report.
There are now 129.90 million shares sold short, which is 13.49% of all regular shares available for trading.
Based on its trading volume, it would take traders 5.33 days to cover their short positions on average.
- Short interest is the number of shares that have been sold short but have not yet been covered or closed out.
- Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock.
An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
Author's summary: Rocket Companies Inc's short interest has decreased.
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