Peering Into Nike's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Nike's (NYSE:NKE) short interest has decreased by 12.07% since the last report, with 15.16 million shares sold short, representing 1.53% of available shares. The average time to cover these short positions is 2.37 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Nike's short interest is below its peer group average of 9.73%. Short interest levels can be a market sentiment indicator, but do not necessarily predict near-term stock movement.
December 18, 2023 | 1:00 pm
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Nike's short interest has decreased, which may indicate a more bullish sentiment towards the stock in the short term. However, this does not guarantee an immediate increase in stock price.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a potential increase in its price. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee an immediate price movement. The confidence score is not at the maximum because market sentiment can be unpredictable and influenced by numerous external factors.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100