(ROST) - Analyzing Ross Stores's Short Interest
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, which is 1.19% of all regular shares available for trading. It would take traders 1.68 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 16.09% for its peer group.
October 19, 2023 | 2:45 pm
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Ross Stores's short percent of float has risen 10.19% since its last report. The company has less short interest than most of its peers.
An increase in short interest can indicate that investors have become more bearish on a stock. However, Ross Stores has less short interest than most of its peers, which could mean that the market sentiment towards the company is not as negative as for other companies in the same industry. This could potentially limit the downward pressure on the stock price in the short term.
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