Peering Into Walmart's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Walmart's (NYSE:WMT) short percent of float has risen 16.87% since its last report, with 13.79 million shares sold short, which is 0.97% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Walmart has less short interest as a percentage of float, which is 3.26% on average.
August 31, 2023 | 1:30 pm
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The increase in short interest in Walmart's stock indicates a bearish market sentiment, which could potentially lead to a decrease 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 or closed out. An increase in short interest can signal that investors have become more bearish, expecting the price to fall. However, it's important to note that Walmart's short interest as a percentage of float is less than its peers' average, which could indicate less bearish sentiment compared to other similar companies.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100