(CPRT) - Analyzing Copart's Short Interest
Portfolio Pulse from Benzinga Insights
Copart's (NYSE:CPRT) short percent of float has fallen 5.61% since its last report, with 4.35 million shares sold short, which is 1.01% of all regular shares available for trading. It would take traders 2.21 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 3.97% for its peer group.

July 26, 2023 | 7:30 pm
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Copart's short percent of float has decreased, indicating a potentially more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
A decrease in short interest can signal a more bullish sentiment towards a stock. However, this does not necessarily translate into an immediate increase in stock price. Other factors such as company performance, market conditions, and investor sentiment also play a role.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100