(SKX) - Analyzing Skechers USA's Short Interest
Portfolio Pulse from Benzinga Insights
Skechers USA (NYSE:SKX) has seen a 25.41% increase in short interest since its last report, with 2.53 million shares sold short, representing 2.27% of its float. The current short interest suggests a bearish market sentiment towards SKX, although it's lower than the peer group average of 8.59%. The article highlights the importance of tracking short interest as an indicator of market sentiment.
April 09, 2024 | 4:45 pm
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Skechers USA has experienced a significant increase in short interest, indicating a bearish sentiment among investors, though it remains below its peer group average.
The increase in short interest for Skechers USA suggests that investors are becoming more bearish on the stock. However, the fact that it's below the peer average might mitigate the negative impact slightly. The short-term impact is likely negative due to increased bearish sentiment, but the lower than average peer comparison provides a nuanced view.
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