(W) - Analyzing Wayfair's Short Interest
Portfolio Pulse from Benzinga Insights
Wayfair's short interest has risen by 8.84%, with 20.73 million shares sold short, representing 30.65% of its float. This is significantly higher than its peers' average of 13.70%. It would take traders 3.23 days to cover their short positions.
May 27, 2024 | 7:45 pm
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Wayfair's short interest has increased by 8.84%, with 20.73 million shares sold short, representing 30.65% of its float. This is significantly higher than its peers' average of 13.70%.
The significant increase in short interest suggests that investors are bearish on Wayfair's stock. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100