Looking Into BJ's Wholesale Club's Recent Short Interest
Portfolio Pulse from Benzinga Insights
BJ's Wholesale Club (NYSE:BJ) has seen a decrease in short interest, with the current short percent of float at 7.74%, down 8.29% from the last report. The company has 8.19 million shares sold short, requiring 5.32 days on average for traders to cover their short positions. This change in short interest could indicate a shift in market sentiment towards BJ's stock. Compared to its peers, BJ's has a higher short interest percentage, with the average for its peer group at 2.48%.
May 01, 2024 | 8:00 pm
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BJ's Wholesale Club's short interest has decreased, suggesting a more bullish market sentiment towards the company. With a higher short interest compared to its peers, this could indicate a potential for short squeeze or increased investor interest.
The decrease in short interest for BJ's Wholesale Club suggests that investors are becoming more optimistic about the company's stock. Given that BJ's short interest is significantly higher than its peer average, this could lead to increased buying pressure as short sellers cover their positions, potentially driving the stock price up in the short term.
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