Looking Into Big Lots's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Big Lots (NYSE:BIG) has seen a 13.11% decrease in its short percent of float, now at 23.2%. This indicates a shift in market sentiment, with fewer shares being shorted. It would take traders 3.4 days to cover their short positions. Compared to its peers, Big Lots has a higher short interest percentage.
May 30, 2024 | 7:45 pm
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Big Lots has experienced a 13.11% decrease in short interest, now at 23.2% of its float. This suggests a shift in market sentiment, with fewer shares being shorted. It would take traders 3.4 days to cover their short positions.
The decrease in short interest indicates a shift towards a more bullish sentiment among traders. This could lead to a short-term price increase as fewer shares are being shorted.
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