Looking Into Crocs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Crocs (NYSE:CROX) has seen a 9.69% increase in its short percent of float, now at 10.3% of all regular shares available for trading. This is higher than the peer group average of 5.40%. It would take traders 5.2 days to cover their short positions based on current trading volume.
June 14, 2024 | 3:00 pm
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Crocs has experienced a significant increase in short interest, now at 10.3% of its float, which is higher than its peers. This could indicate bearish sentiment but also presents a potential for a short squeeze.
The increase in short interest suggests that more investors are betting against Crocs, which could lead to downward pressure on the stock price. However, the high short interest also opens up the possibility of a short squeeze if the stock price rises unexpectedly.
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