How Is The Market Feeling About Big Lots?
Portfolio Pulse from Benzinga Insights
Big Lots (NYSE:BIG) has seen a 7.57% increase in its short percent of float since the last report, with 6.90 million shares sold short, representing 43.32% of available shares. This places Big Lots above its peer group average for short interest, which is 8.25%. The rise in short interest indicates a more bearish market sentiment towards Big Lots, although it doesn't necessarily predict a near-term price drop.
February 29, 2024 | 6:30 pm
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Big Lots has experienced a significant increase in short interest, indicating a bearish sentiment among investors.
The substantial rise in short interest for Big Lots suggests that investors are increasingly bearish on the stock. This could lead to increased selling pressure in the short term, potentially impacting the stock price negatively. However, it's important to note that high short interest can sometimes lead to a short squeeze if the stock unexpectedly moves higher, causing short sellers to cover their positions.
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