Peering Into Walmart's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Walmart's (NYSE:WMT) short percent of float has risen 11.0% since its last report, with 15.72 million shares sold short, which is 1.11% of all regular shares available for trading. It would take traders 2.47 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Walmart's peer group average for short interest as a percentage of float is 3.85%, which means the company has less short interest than most of its peers.
October 13, 2023 | 3:00 pm
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Walmart's short percent of float has risen 11.0% since its last report, indicating a bearish sentiment among investors. However, compared to its peers, Walmart has less short interest.
The increase in short interest indicates that more investors are betting that Walmart's stock price will fall. This could put downward pressure on the stock price in the short term. However, the fact that Walmart has less short interest than most of its peers could mitigate this effect.
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