Looking Into CarMax's Recent Short Interest
Portfolio Pulse from Benzinga Insights
CarMax (NYSE:KMX) has seen a decrease in short interest, with 18.24 million shares sold short, representing 11.59% of its float. This is below the peer group average of 12.73%. The reduction in short interest suggests a more bullish sentiment among investors towards KMX.
March 22, 2024 | 3:00 pm
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CarMax's short interest has decreased, indicating a potentially more bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For CarMax, this could mean an improvement in investor sentiment, potentially leading to a short-term increase in stock price.
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