How Is The Market Feeling About Fastenal?
Portfolio Pulse from Benzinga Insights
Fastenal's (NYSE:FAST) short percent of float has risen 5.46% since its last report, with 15.45 million shares sold short, which is 3.09% of all regular shares available for trading. It would take traders 3.96 days to cover their short positions on average. Fastenal's peer group average for short interest as a percentage of float is 5.20%, which means the company has less short interest than most of its peers.
July 26, 2023 | 4:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Fastenal's short percent of float has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
An increase in short interest can indicate a bearish sentiment towards a stock, as traders are betting on the price to fall. However, Fastenal has less short interest than most of its peers, which could mean that the market sentiment towards Fastenal is less bearish compared to its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100