How Is The Market Feeling About AutoZone?
Portfolio Pulse from Benzinga Insights
AutoZone's (NYSE:AZO) short percent of float has risen 7.98% since its last report, with 318 thousand shares sold short, which is 1.76% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, AutoZone's short interest as a percentage of float is less, with an average of 15.52%.
July 05, 2023 | 4:01 pm
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AutoZone's short interest has increased, indicating a bearish market sentiment. However, it's less than its peers' average.
The increase in short interest indicates that traders are expecting the price of AutoZone's stock to fall. However, the fact that AutoZone's short interest is less than its peers' average could mean that the bearish sentiment is not as strong for AutoZone as it is for its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100