How Is The Market Feeling About Ross Stores?
Portfolio Pulse from Benzinga Insights
Ross Stores's (NYSE:ROST) short percent of float has risen 10.19% since its last report, with 3.39 million shares sold short. This is 1.19% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Ross Stores's short interest as a percentage of float is less than its peer group average of 15.85%.
October 02, 2023 | 2:45 pm
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Increased short interest in Ross Stores indicates a bearish sentiment, but it's less than its peer group average, suggesting it's not as bearish as other similar companies.
The increase in short interest indicates that traders expect the price of Ross Stores' stock to fall. However, the fact that its short interest as a percentage of float is less than its peer group average suggests that the bearish sentiment is not as strong as it is for other similar companies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100