Looking Into Walmart's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Walmart's (NYSE:WMT) short percent of float has risen 11.76% since its last report, with 16.19 million shares sold short, which is 1.14% of all regular shares available for trading. It would take traders 2.69 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Walmart's peer group average for short interest as a percentage of float is 2.90%, which means the company has less short interest than most of its peers.
July 11, 2023 | 5:45 pm
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Walmart's short interest has increased, indicating a potentially bearish sentiment among investors. However, compared to its peers, Walmart has less short interest, which could be a positive sign.
An increase in short interest can indicate a bearish sentiment among investors, which could potentially lead to a decrease in the stock's price. However, the fact that Walmart's short interest is lower than its peers' average could mean that the market is less bearish on Walmart than on other similar companies. This could potentially have a neutral to positive impact on Walmart's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100