How Is The Market Feeling About Copart?
Portfolio Pulse from Benzinga Insights
Copart's (NYSE:CPRT) short percent of float has risen 115.56% since its last report, with 8.39 million shares sold short, which is 0.97% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Copart has less short interest as a percentage of float (2.99%).
September 15, 2023 | 7:30 pm
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Increased short interest in Copart indicates a bearish sentiment among investors. However, compared to its peers, the company has less short interest.
The increase in short interest indicates that more investors are betting that Copart's stock price will fall. However, the fact that Copart has less short interest compared to its peers could mean that the bearish sentiment is not as strong as it seems.
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