Short Interest in Deere & Company (NYSE:DE) Drops By 21.3%

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Deere & Company (NYSE:DE) experienced a significant 21.3% decrease in short interest, totaling 4,991,541 shares as of February 27th, representing approximately 1.9% of shares sold short. The company recently beat quarterly earnings estimates with $2.42 EPS and $9.61 billion in revenue, and analysts maintain a “Moderate Buy” rating with a consensus target price of $644.70. Insider selling by executives Cory J. Reed and John C. May II was also reported, alongside institutional investor activity.

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