Looking Into Ross Stores's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ross Stores (NYSE:ROST) has seen a 16.17% decrease in short interest since its last report, with 3.96 million shares sold short, representing 1.4% of its float. The average time to cover these short positions is 2.2 days. A decrease in short interest can indicate a more bullish sentiment towards the stock, although it does not necessarily predict a price rise. Ross Stores has a lower short interest compared to its peer group average of 15.06%.
January 17, 2024 | 3:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ross Stores's short interest has decreased, which may indicate a more bullish sentiment among investors. However, this does not guarantee a rise 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, the impact on the stock price is not certain and depends on broader market conditions and company performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100