Looking Into Fastenal's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Fastenal's (NYSE:FAST) short percent of float has fallen 5.31% since its last report, with 15.16 million shares sold short, which is 3.03% 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, Fastenal has less short interest, with an average of 4.45% for its peer group.
October 13, 2023 | 4:15 pm
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Fastenal's short interest has decreased, potentially indicating a more bullish sentiment towards the stock.
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 could potentially lead to an increase in Fastenal's stock price in the short term.
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IMPORTANCE 75
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