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 falling 5.83% since the last report. The company has 5.00 million shares sold short, which is 1.13% of available shares for trading. The average time to cover these short positions is 3.32 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Costco's short interest is below its peer group average of 4.24%.
December 26, 2023 | 3:15 pm
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Costco Wholesale's short interest has decreased, which may suggest a more bullish sentiment among investors. The company's short interest is lower than the peer group average.
The reduction in short interest for Costco Wholesale indicates that fewer investors are betting against the stock, which could be taken as a positive sign by the market. This could lead to a short-term increase in the stock price as investor sentiment improves. The comparison to peers also suggests Costco is performing well, as its short interest is significantly lower than the peer group average.
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