(BURL) - Analyzing Burlington Stores's Short Interest
Portfolio Pulse from Benzinga Insights
Burlington Stores (NYSE:BURL) has seen a 10.71% increase in its short percent of float, now at 4.96%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 17.77%. It would take traders 3.0 days to cover their short positions.
June 04, 2024 | 8:30 pm
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Burlington Stores has experienced a 10.71% increase in short interest, now at 4.96% of its float. This suggests a rise in bearish sentiment, although it remains below the peer group average of 17.77%.
The increase in short interest indicates that more investors are betting against Burlington Stores, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer group average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100