Looking Into Ross Stores's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ross Stores (NYSE:ROST) has seen a decrease in short interest, with the short percent of float falling 6.82% to 1.23% of all shares available for trading. The current short interest stands at 3.49 million shares, requiring approximately 2.03 days for traders to cover their short positions. This decline in short interest may indicate a more bullish sentiment towards ROST compared to its last report. Additionally, Ross Stores has a lower short interest compared to its peer group average of 16.01%, suggesting less bearish sentiment among investors relative to its peers.
February 27, 2024 | 2:15 pm
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Ross Stores has experienced a decrease in short interest, indicating a potential bullish sentiment shift among investors. The short interest now stands at 1.23% of the float, with 3.49 million shares shorted.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. For Ross Stores, the reduction in short interest to 1.23% of the float suggests that negative sentiment is waning, which could lead to upward pressure on the stock price in the short term. Additionally, being below the peer group average in short interest further supports the notion of a relatively positive outlook among investors.
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