Peering Into Nike's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Nike's (NYSE:NKE) short percent of float has risen 3.14% since its last report, with 16.22 million shares sold short, which is 1.64% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards Nike. However, compared to its peers, Nike has less short interest with an average of 7.31%.
September 01, 2023 | 1:30 pm
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The increase in short interest in Nike's shares indicates a bearish 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. An increase in short interest can indicate that investors are expecting the price of the stock to fall. Therefore, the increase in short interest in Nike's shares could potentially lead to a decrease in the stock's price in the short term.
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