Looking Into Ross Stores's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ross Stores's (NYSE:ROST) short percent of float has risen 7.38% since its last report, with 3.75 million shares sold short, which is 1.31% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, Ross Stores's peer group average for short interest as a percentage of float is 16.45%, which means the company has less short interest than most of its peers.
November 07, 2023 | 8:45 pm
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The increase in short interest in Ross Stores could indicate a bearish sentiment among investors. However, compared to its peers, the company has less short interest, which could be a positive sign.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish, while a decrease can signal they have become more bullish. In the case of Ross Stores, the increase in short interest could indicate a bearish sentiment among investors. However, the company's short interest is less than its peers' average, which could be a positive sign.
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IMPORTANCE 75
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