(ETSY) - Analyzing Etsy's Short Interest
Portfolio Pulse from Benzinga Insights
Etsy's short interest has fallen by 4.47%, with 14.45 million shares sold short, representing 14.1% of its float. This is higher than the peer group average of 10.37%. It would take traders 5.03 days to cover their short positions.
June 13, 2024 | 8:30 pm
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Etsy's short interest has decreased by 4.47%, now at 14.1% of its float, which is higher than the peer average of 10.37%. This could indicate a shift in market sentiment.
The decrease in short interest suggests that bearish sentiment towards Etsy is waning. Although the short interest is still higher than its peers, the reduction could lead to a short-term positive impact on the stock price as traders cover their positions.
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