Looking Into G-III Apparel Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
G-III Apparel Group's (NYSE:GIII) short interest has decreased by 5.64% since the last report, with 4.86 million shares sold short, representing 17.58% of its float. It would take about 4.51 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards GIII compared to its peers, where the average short interest as a percentage of float is 7.33%.
April 01, 2024 | 6:00 pm
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G-III Apparel Group's short interest has decreased, indicating a potentially more bullish market sentiment towards the stock.
A decrease in short interest often suggests that investors are becoming more optimistic about a stock's future performance. Given that GIII's short interest has significantly decreased and is much higher than its peer average, this could indicate stronger confidence in GIII's market position and potential for stock price appreciation in the short term.
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