Peering Into Costco Wholesale's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Costco Wholesale's (NYSE:COST) short percent of float has fallen 3.19% since its last report, with 4.04 million shares sold short, which is 0.91% 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, Costco has less short interest as a percentage of float, with an average of 3.27%.
September 06, 2023 | 6:45 pm
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Costco's short interest has decreased, which could indicate a more bullish sentiment towards the stock. This, combined with the fact that its short interest is lower than its peers' average, could potentially impact the stock positively in the short term.
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 Costco's short interest is lower than its peers' average, could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100