(ROST) - Analyzing Ross Stores's Short Interest
Portfolio Pulse from Benzinga Insights
Ross Stores (NYSE:ROST) has seen a decrease in short interest, with the current level at 3.86 million shares or 1.36% of float. This represents a 3.55% decline since the last report and would take about 1.31 days to cover based on average trading volume. Short interest is a measure of market sentiment, and a decrease may indicate a more bullish outlook among investors. Ross Stores has a lower short interest compared to its peer group average of 16.21%.
December 28, 2023 | 1:45 pm
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Ross Stores's short interest has decreased, suggesting a more bullish sentiment among investors. With a short interest lower than its peers, this could be a positive sign for the stock in the short term.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a short-term increase in its price. However, short interest is just one of many factors that can affect stock prices, and the article does not suggest an immediate price rise. The lower short interest compared to peers also suggests relative strength in investor sentiment towards Ross Stores.
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