How Is The Market Feeling About AutoZone?
Portfolio Pulse from Benzinga Insights
AutoZone's (NYSE:AZO) short percent of float has risen 11.11% since its last report, with 325 thousand shares sold short, which is 1.8% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards the stock. However, compared to its peers, AutoZone has less short interest as a percentage of float, with an average of 13.12%.
July 26, 2023 | 6:45 pm
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The increase in short interest in AutoZone's stock could indicate a bearish sentiment in the market. However, compared to its peers, AutoZone's short interest is lower, which could be a positive sign.
Short interest is the number of shares sold short but not yet covered. An increase in short interest can indicate a bearish sentiment, meaning investors expect the stock price to fall. However, AutoZone's short interest is lower than its peers, which could indicate less bearish sentiment compared to other similar companies.
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