Peering Into Ross Stores's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ross Stores (NYSE:ROST) has seen a 5.34% increase in short interest since its last report, with 3.93 million shares sold short, representing 1.38% of its float. It would take about 1.71 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Ross Stores has less short interest compared to its peer group average of 17.07%. The rise in short interest doesn't necessarily predict a stock price drop.
November 24, 2023 | 8:45 pm
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Ross Stores has experienced an increase in short interest, which could suggest bearish market sentiment. However, its short interest is below the peer group average, indicating less bearish sentiment compared to its peers.
The increase in short interest for Ross Stores suggests that some investors are expecting the stock price to decline. However, since the short interest is lower than the peer average, it does not necessarily indicate a strong bearish consensus. The short-term impact on the stock price is uncertain, as short interest is just one of many factors that can affect stock prices.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80