Peering Into CoStar Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
CoStar Group's (NYSE:CSGP) short interest has decreased by 4.86% since the last report, with 6.34 million shares sold short, representing 1.76% of available shares. The average time to cover these short positions is 3.92 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. CoStar's short interest is below its peer group average of 8.83%.
December 15, 2023 | 2:00 pm
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CoStar Group's short interest has decreased, which may suggest a more bullish sentiment among investors and could lead to a potential short-term increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a short-term increase in stock price as short sellers cover their positions. However, the article also suggests that a decline in short interest does not necessarily predict a price rise, so while the sentiment is more bullish, the impact on the stock price is not guaranteed.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80