How Is The Market Feeling About Skechers USA?
Portfolio Pulse from Benzinga Insights
Skechers USA (NYSE:SKX) has seen a decrease in short interest, with 1.86 million shares sold short, representing 1.66% of its float. This is a decrease of 18.63% from its last report, indicating a potential shift in market sentiment towards the stock. The current short interest suggests a more bullish outlook compared to the peer group average of 7.92% short interest as a percentage of float.
February 22, 2024 | 7:45 pm
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Skechers USA has experienced a significant decrease in short interest, suggesting a potential bullish sentiment among investors.
The decrease in short interest for Skechers USA indicates that fewer traders are betting against the stock, which can be interpreted as a positive change in market sentiment towards the company. This shift could lead to a short-term increase in the stock price as it suggests investors are becoming more bullish on SKX.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90