How Is The Market Feeling About BJ's Wholesale Club?
Portfolio Pulse from Benzinga Insights
BJ's Wholesale Club (NYSE:BJ) has seen a 6.85% increase in short percent of float since its last report, with 8.62 million shares sold short, representing 8.11% of available shares. This indicates a bearish market sentiment towards BJ, although it doesn't necessarily predict a near-term price fall. BJ's short interest is significantly higher than its peer group average of 3.12%, suggesting more bearish sentiment compared to its peers.
February 12, 2024 | 7:45 pm
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BJ's Wholesale Club has experienced a significant increase in short interest, indicating a bearish market sentiment. This could lead to increased volatility in the short term.
The increase in short interest suggests that investors are betting against BJ's stock, which could lead to downward pressure on the stock price in the short term. However, high short interest can also lead to a short squeeze if the stock moves positively, causing rapid price increases.
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RELEVANCE 90