(COST) - Analyzing Costco Wholesale's Short Interest
Portfolio Pulse from Benzinga Insights
Costco Wholesale's (NYSE:COST) short percent of float has fallen 6.45% since its last report, with 3.85 million shares sold short, which is 0.87% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Costco. Compared to its peers, Costco has less short interest as a percentage of float, with an average of 3.05%.
July 17, 2023 | 2:00 pm
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Costco's short percent of float has decreased, indicating a potential bullish sentiment. It has less short interest compared to its peers.
A decrease in short interest can signal a more bullish sentiment towards a stock. This means that fewer investors are betting on the stock's price to fall, which could potentially lead to an increase in the stock's price. Additionally, having less short interest compared to its peers could make Costco more attractive to investors.
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