Peering Into Costco Wholesale's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Costco Wholesale (NYSE:COST) has seen a decrease in short interest, with the short percent of float dropping 5.66% since the last report. The current short interest stands at 4.41 million shares, or 1.0% of available shares for trading. The average time to cover these short positions is 2.64 days. A decrease in short interest can indicate a more bullish sentiment from investors. Costco's short interest is below its peer group average of 4.17%.
November 20, 2023 | 7:30 pm
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Costco's short interest has decreased, suggesting a more bullish sentiment among investors. With a lower short interest compared to its peers, this could be seen as a positive sign for the stock in the short term.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a positive impact on the stock price in the short term. Since Costco's short interest is lower than the peer group average, this may be perceived as a positive indicator by the market, potentially leading to an increase in the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90