How Is The Market Feeling About Dollar Tree?
Portfolio Pulse from Benzinga Insights
Dollar Tree's (NYSE:DLTR) short percent of float has fallen 3.33% since its last report, with 6.37 million shares sold short, which is 3.48% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, compared to its peers, Dollar Tree has a higher short interest as a percentage of float (2.85%).
August 31, 2023 | 1:30 pm
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Decrease in short interest could indicate a more bullish sentiment towards Dollar Tree. However, its short interest is higher than its peers' average.
A decrease in short interest usually indicates a more bullish sentiment towards a stock as fewer traders are betting on its price to fall. However, the fact that Dollar Tree's short interest is higher than its peers' average could mean that the market is more bearish on DLTR compared to similar companies. This mixed signal makes it difficult to predict the short-term price direction.
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