Peering Into Costco Wholesale's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Costco Wholesale's (NYSE:COST) short percent of float has risen 8.16% since its last report, with 4.70 million shares sold short, which is 1.06% of all regular shares available for trading. It would take traders 2.42 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Costco's peer group average for short interest as a percentage of float is 3.89%, which means the company has less short interest than most of its peers.
November 03, 2023 | 5:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Costco's short percent of float has risen 8.16%, indicating a potential bearish sentiment. However, compared to its peers, Costco has less short interest, which could be a positive sign.
The increase in short interest could indicate a bearish sentiment towards Costco, which could potentially impact the stock price negatively in the short term. However, the fact that Costco has less short interest than most of its peers could be a positive sign, indicating less negative sentiment compared to other similar companies. Therefore, the overall impact on the stock price in the short term is uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100