How Is The Market Feeling About Crocs?
Portfolio Pulse from Benzinga Insights
Crocs, Inc. (NYSE:CROX) has seen a 21.57% increase in its short percent of float since the last report, with 5.50 million shares sold short, representing 12.57% of available shares. This indicates a bearish market sentiment towards CROX, although it doesn't necessarily predict a price drop. Crocs's short interest is higher than its peer group average of 7.12%, suggesting more bearish sentiment compared to its peers.
April 09, 2024 | 2:30 pm
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Crocs's short interest has significantly increased, indicating a bearish market sentiment. This could lead to increased volatility in the short term.
The increase in short interest suggests that investors are betting against Crocs, expecting the stock price to fall. This bearish sentiment, especially when it's higher than the peer average, can lead to increased selling pressure and potential short-term price declines.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100