Peering Into AutoZone's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AutoZone's short interest has decreased by 3.38%, with 479 thousand shares sold short, representing 3.14% of its float. This is lower than the peer group average of 13.41%. The decrease in short interest may indicate a more bullish sentiment among investors.
June 03, 2024 | 5:30 pm
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AutoZone's short interest has decreased by 3.38%, now at 3.14% of its float. This is lower than the peer group average of 13.41%, potentially indicating a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against AutoZone, which can be interpreted as a sign of increased confidence in the stock. This is further supported by the fact that AutoZone's short interest is significantly lower than its peers, indicating a relatively more positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100