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.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100