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
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
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.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100