Watching Big Lots; Traders Circulating Rumor Of 27% Short Interest; Shares Seeing Volume
Portfolio Pulse from Happy Mohamed
Traders are circulating rumors of a 27% short interest in Big Lots, which is causing an increase in trading volume for the company's shares.
August 04, 2023 | 11:48 am
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Big Lots is experiencing increased trading volume due to rumors of a 27% short interest.
Short interest refers to the number of shares that have been sold short but have not yet been covered or closed out. A high short interest can often lead to a short squeeze, which can cause the stock price to increase rapidly. However, it also indicates that a significant number of investors are betting that the stock price will go down. In the short term, this could put downward pressure on Big Lots' stock price.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100