(GWW) - Analyzing W.W. Grainger's Short Interest
Portfolio Pulse from Benzinga Insights
W.W. Grainger's (NYSE:GWW) short percent of float has risen 5.8% since its last report, with 1.16 million shares sold short, representing 2.92% of all regular shares available for trading. The company's peer group average for short interest as a percentage of float is 5.36%, indicating less short interest than most of its peers.
May 22, 2023 | 2:31 pm
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NEGATIVE IMPACT
W.W. Grainger's short percent of float has increased 5.8% since its last report, indicating a potential bearish sentiment among investors.
An increase in short interest can signal that investors have become more bearish on a stock. In W.W. Grainger's case, the short percent of float has risen 5.8% since its last report, which may indicate a negative sentiment among investors. However, it's important to note that the company has less short interest than most of its peers, which could mitigate the impact of this increase.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100