(NKE) - Analyzing Nike's Short Interest
Portfolio Pulse from Benzinga Insights
Nike's (NYSE:NKE) short interest has increased by 12.06% since the last report, with 15.53 million shares sold short, representing 1.58% of its float. This indicates a bearish market sentiment towards Nike, although it has less short interest compared to its peers' average of 10.22%. The rise in short interest doesn't necessarily predict a near-term price fall but suggests increased bearishness among traders.
March 26, 2024 | 2:15 pm
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Nike's short interest has increased, indicating a bearish sentiment among traders. However, it's still below its peers' average short interest.
The increase in short interest suggests that traders are more bearish on Nike, potentially leading to short-term price pressure. However, being below the peer average indicates that the sentiment is not as negative as it could be, moderating the potential impact.
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