(COST) - Analyzing Costco Wholesale's Short Interest
Portfolio Pulse from Benzinga Insights
Costco Wholesale's (NYSE:COST) short percent of float has risen 11.49% since its last report, with 4.28 million shares sold short, which is 0.97% of all regular shares available for trading. It would take traders 2.46 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Costco's short interest as a percentage of float is less than its peer group average of 3.49%.
August 04, 2023 | 11:56 am
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Costco's short interest has increased, potentially indicating a bearish sentiment among investors.
An increase in short interest often indicates a bearish sentiment among investors, as they are betting that the stock's price will fall. This could potentially put downward pressure on Costco's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100