(WMT) - Analyzing Walmart's Short Interest
Portfolio Pulse from Benzinga Insights
Walmart's (NYSE:WMT) short interest has increased by 11.39% since the last report, with 37.14 million shares sold short, representing 0.88% of its float. This indicates a bearish market sentiment, although it's lower than its peer group average of 3.62%. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.
April 19, 2024 | 6:30 pm
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Walmart's short interest has increased, indicating a bearish sentiment among investors, though it remains below the peer average.
The increase in short interest suggests that investors are becoming more bearish on Walmart, potentially leading to downward pressure on the stock price in the short term. However, being below the peer average might mitigate some negative impact.
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IMPORTANCE 70
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