Buy the Dip on This Real Estate Stock

Core Insights - Zillow Group Inc's shares have increased by 0.7% to $78.78 after a previous session's decline of 9.4$89.39 on February 11 [1] Group 1 - The stock has approached its 80-day moving average after being above it for 80% of the time over the past two months, with a historical trend showing a 60% chance of being higher one month later, averaging a 10.4% return [2] - A similar increase from the current price could position Zillow stock at $86.97, closer to its recent peak [2] Group 2 - There has been a build-up of short interest, representing 6.7% of the stock's available float, which could provide tailwinds if the stock rebounds [3] - It would take over four days to cover the short interest at the stock's average trading pace [3] Group 3 - The stock's 14-day relative strength index (RSI) of 34 is nearing "oversold" territory, indicating potential for a rebound [4] - The 10-day put/call volume ratio ranks higher than 91% of readings from the past year, suggesting increased bearish sentiment [4]