Looking Into Five Below's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Five Below's (NYSE:FIVE) short interest has increased by 9.68%, with 2.95 million shares sold short, representing 5.44% of its float. This rise in short interest suggests a more bearish sentiment among investors. However, compared to its peers, Five Below has a lower short interest percentage.
June 04, 2024 | 1:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Five Below's short interest has increased by 9.68%, now at 5.44% of its float. This rise indicates a bearish sentiment among investors, although it remains lower than the peer group average of 13.77%.
The increase in short interest suggests that investors are becoming more bearish on Five Below. While this does not guarantee a price drop, it indicates a negative sentiment. However, the short interest is still lower than the peer average, which may mitigate some of the bearish impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100