(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 3.07% since its last report, with 1.20 million shares sold short, which is 3.02% of all regular shares available for trading. This does not necessarily mean the stock will fall in the near-term, but indicates more shares are being shorted. Compared to its peers, W.W. Grainger has less short interest, with an average of 5.42% for its peer group.
July 07, 2023 | 7:31 pm
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W.W. Grainger's short percent of float has increased, indicating more shares are being shorted. However, it has less short interest than its peers.
The increase in short percent of float indicates that more investors are betting against W.W. Grainger, which could put downward pressure on the stock. However, the fact that it has less short interest than its peers suggests that it may be less vulnerable to a short squeeze, which could limit downside risk.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100