(ROST) - Analyzing Ross Stores's Short Interest
Portfolio Pulse from Benzinga Insights
Ross Stores's (NYSE:ROST) short percent of float has risen 18.09% since its last report, with 3.20 million shares sold short, which is 1.11% of all regular shares available for trading. This does not necessarily mean the stock will fall, but indicates more shares are being shorted. Compared to its peers, Ross Stores has less short interest as a percentage of float, with an average of 15.20%.
July 17, 2023 | 8:30 pm
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Increased short interest in Ross Stores indicates more shares are being shorted, but doesn't necessarily predict a fall in stock price.
The increase in short interest indicates that more traders are betting on the stock's price to fall. However, this doesn't necessarily mean that the stock price will fall as short selling can also lead to a short squeeze, which can drive the price up. Compared to its peers, Ross Stores has less short interest, which could be seen as a positive sign.
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IMPORTANCE 70
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