(BJ) - Analyzing BJ's Wholesale Club's Short Interest
Portfolio Pulse from Benzinga Insights
BJ's Wholesale Club (NYSE:BJ) has seen a 39.33% increase in its short percent of float, now at 12.01% of all regular shares available for trading. This is significantly higher than its peer group average of 2.48%. The high short interest could indicate bearish sentiment but also presents a potential for a short squeeze.
May 17, 2024 | 2:45 pm
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BJ's Wholesale Club has experienced a significant increase in short interest, now at 12.01% of its float. This could indicate bearish sentiment but also presents a potential for a short squeeze.
The significant increase in short interest suggests that more investors are betting against BJ's Wholesale Club, which could indicate bearish sentiment. However, high short interest also increases the potential for a short squeeze, which could drive the stock price up if short sellers are forced to cover their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100