How Is The Market Feeling About VF?
Portfolio Pulse from Benzinga Insights
VF Corporation (NYSE:VFC) has seen a 13.22% increase in short interest since its last report, with 34.05 million shares now sold short, representing 9.85% of its available trading shares. This indicates a bearish market sentiment towards VFC, as it takes an average of 4.89 days for traders to cover their short positions. VF's short interest is higher than its peer group average of 7.80%, suggesting more bearish sentiment compared to its peers.
April 26, 2024 | 3:30 pm
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VF Corporation's short interest has increased, indicating a bearish market sentiment. With 9.85% of shares sold short and a higher short interest than its peers, this could suggest potential downward pressure on VFC's stock price in the short term.
The increase in short interest for VFC indicates that a significant number of traders are betting against the stock, expecting its price to fall. This bearish sentiment, especially when higher than its peer group average, typically puts downward pressure on the stock price in the short term. The coverage of this sentiment in the article, along with the comparison to peers, underscores its potential impact on VFC's stock price.
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