Peering Into Dollar Tree's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Dollar Tree's (NYSE:DLTR) short percent of float has risen 4.38% since its last report, with 6.97 million shares sold short, which is 3.81% of all regular shares available for trading. It would take traders 3.14 days to cover their short positions on average. The company's short interest is higher than most of its peers, with an average of 3.44%.
November 09, 2023 | 6:15 pm
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Dollar Tree's short interest has increased, indicating a bearish sentiment among traders. However, high short interest can sometimes be bullish.
The increase in short interest indicates that traders expect Dollar Tree's stock price to fall. However, this can sometimes be a bullish signal as it means there is potential for a short squeeze, where the stock price increases due to short sellers buying to cover their positions.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100