Peering Into Fastenal's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Fastenal's (NYSE:FAST) short percent of float has fallen 8.09% since its last report, with 14.21 million shares sold short, which is 2.84% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Fastenal has less short interest as a percentage of float, with an average of 4.94%.
August 15, 2023 | 7:15 pm
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Fastenal's short percent of float has decreased, which could indicate a more bullish sentiment towards the stock. The company's short interest is also lower than its peers' average.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This, combined with the fact that Fastenal's short interest is lower than its peers' average, could potentially have a positive impact on the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100