Looking Into CoStar Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
CoStar Gr's (NASDAQ:CSGP) short percent of float has risen 3.51% since its last report, with 6.38 million shares sold short, which is 1.77% of all regular shares available for trading. It would take traders 2.9 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. CoStar Gr's peer group average for short interest as a percentage of float is 3.39%, which means the company has less short interest than most of its peers.
June 29, 2023 | 5:00 pm
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CoStar Gr's short percent of float has risen, indicating a potential bearish sentiment among investors. However, it has less short interest than most of its peers.
An increase in short interest often indicates a bearish sentiment among investors, which could potentially lead to a decrease in the stock's price. However, CoStar Gr's short interest is less than most of its peers, which could mitigate some of the potential negative impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100