Peering Into Crocs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Crocs, Inc. (NYSE:CROX) has seen a decrease in short interest, with the short percent of float falling 4.82% to 11.07%. The current short interest stands at 4.85 million shares, requiring approximately 2.93 days for traders to cover their positions. This decline in short interest may indicate a more bullish sentiment towards CROX among investors, contrasting with the peer group average short interest of 7.84%.
March 15, 2024 | 8:30 pm
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The decrease in short interest for Crocs, Inc. suggests a more bullish sentiment among investors, potentially leading to positive short-term price movement.
A decrease in short interest typically indicates that investors are becoming more optimistic about a stock's future performance. For Crocs, this reduction from its previous report suggests that market sentiment is improving, which could lead to an increase in stock price in the short term. However, it's important to note that short interest is just one of many factors that can influence stock prices.
CONFIDENCE 80
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RELEVANCE 90