Looking Into Nike's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Nike's (NYSE:NKE) short percent of float has fallen 3.93% since its last report, with 16.91 million shares sold short, which is 1.71% of all regular shares available for trading. It would take traders 2.3 days to cover their short positions on average. The decrease in short interest can signal that investors have become more bullish. Nike's peer group average for short interest as a percentage of float is 7.08%, which means the company has less short interest than most of its peers.
August 04, 2023 | 11:27 am
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The decrease in short interest for Nike indicates a more bullish sentiment among investors. This could potentially lead to an increase in the stock price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock price. Nike's short interest has decreased by 3.93%, indicating a more bullish sentiment among investors.
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