Looking Into Walmart's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Walmart's (NYSE:WMT) short interest has decreased by 4.59% since the last report, with 14.72 million shares sold short, representing 1.04% of available shares. The average time to cover these short positions is 3.1 days. This decline in short interest may indicate a more bullish sentiment among investors compared to the company's peers, which have an average short interest of 4.17% of float.
November 20, 2023 | 3:30 pm
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Walmart's short interest has decreased, which could be a sign of increasing bullish sentiment among investors, potentially leading to a positive short-term impact on the stock price.
A decrease in short interest typically suggests that investors are less bearish on a stock, which could lead to an increase in its price if the market sentiment shifts positively. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee a price rise.
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