Looking Into Nike's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Nike's (NYSE:NKE) short percent of float has risen 30.53% since its last report, with 16.95 million shares sold short, which is 1.71% of all regular shares available for trading. It would take traders 2.29 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Nike's peer group average for short interest as a percentage of float is 7.64%, which means the company has less short interest than most of its peers.
October 02, 2023 | 1:00 pm
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Nike's short interest has increased, potentially indicating a bearish sentiment among investors. However, compared to its peers, Nike has less short interest.
The increase in short interest could indicate that investors are expecting Nike's stock price to fall. However, the fact that Nike has less short interest than its peers could suggest that the bearish sentiment is not as strong for Nike as it is for other companies in the same industry.
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