(CVNA) - Analyzing Carvana's Short Interest
Portfolio Pulse from Benzinga Insights
Carvana's (NYSE:CVNA) short interest has decreased by 5.17%, with 22.72 million shares sold short, representing 24.58% of its float. This is higher than the peer group average of 11.87%. It would take traders 7.75 days to cover their short positions.
June 20, 2024 | 8:45 pm
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Carvana's short interest has decreased by 5.17%, now at 24.58% of its float, which is higher than the peer group average of 11.87%. This could indicate a shift in market sentiment.
The decrease in short interest suggests that bearish sentiment is waning, which could be a positive indicator for the stock. However, the high short interest relative to peers still indicates significant bearish sentiment.
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