(CPRT) - Analyzing Copart's Short Interest
Portfolio Pulse from Benzinga Insights
Copart's (NASDAQ:CPRT) short percent of float has fallen 14.17% since its last report, with 4.67 million shares sold short, which is 1.09% of all regular shares available for trading. It would take traders 2.2 days to cover their short positions on average. Copart's peer group average for short interest as a percentage of float is 4.64%, which means the company has less short interest than most of its peers.
June 29, 2023 | 4:15 pm
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Copart's short interest has decreased, indicating a more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
A decrease in short interest usually indicates a more bullish sentiment towards a stock as fewer investors are betting on its price to fall. However, this is just one of many factors that can influence a stock's price, and it does not guarantee that the price will rise in the near term.
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