(NKE) - Analyzing Nike's Short Interest
Portfolio Pulse from Benzinga Insights
Nike's (NYSE:NKE) short percent of float has risen by 5.03% since its last report, with 18.60 million shares sold short, which is 1.88% of all regular shares available for trading. It would take traders 2.08 days to cover their short positions on average. An increase in short interest can indicate a bearish market sentiment. However, Nike's short interest as a percentage of float is less than its peer group average of 7.81%.
November 08, 2023 | 5:00 pm
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Nike's short percent of float has increased, indicating a potential bearish sentiment. However, its short interest is less than its peer group average, suggesting it may be performing better than similar companies.
An increase in short interest can indicate a bearish sentiment towards a stock. However, Nike's short interest as a percentage of float is less than its peer group average, suggesting that it may be performing better than similar companies. This could potentially offset the bearish sentiment indicated by the increase in short interest.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100