(CPRT) - Analyzing Copart's Short Interest
Portfolio Pulse from Benzinga Insights
Copart's (NYSE:CPRT) short percent of float has fallen 3.96% since its last report, with 4.18 million shares sold short, which is 0.97% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Copart's short interest as a percentage of float is less than its peer group average of 3.87%.
August 11, 2023 | 6:15 pm
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Copart's decrease in short interest could indicate a more bullish sentiment towards the stock. This could potentially lead to an increase in the stock's price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price. As Copart's short interest has decreased, this could indicate a more bullish sentiment towards the stock.
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