Looking Into Ross Stores's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ross Stores's (NYSE:ROST) short percent of float has risen 3.6% since its last report, with 3.30 million shares sold short, which is 1.15% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Ross Stores's short interest as a percentage of float is less than its peer group average of 15.19%.
August 04, 2023 | 4:15 pm
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The increase in short interest in Ross Stores indicates a bearish sentiment among investors. However, its short interest is less than its peer group average, which could mitigate potential negative impacts.
Short interest is a measure of market sentiment. The increase in short interest in Ross Stores indicates that investors are expecting the stock price to fall. However, the fact that Ross Stores's short interest is less than its peer group average suggests that the bearish sentiment is not as strong as it could be, which could mitigate potential negative impacts on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100