Looking Into Petco Health and Wellness's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Petco Health and Wellness (NYSE:WOOF) has seen a 3.57% increase in short interest, with 17.47 million shares sold short, representing 20.04% of its float. This is higher than the peer group average of 12.32%. It would take traders 3.83 days to cover their short positions.
July 02, 2024 | 4:45 pm
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Petco Health and Wellness has experienced a 3.57% increase in short interest, now at 20.04% of its float. This is significantly higher than its peers' average of 12.32%.
The significant increase in short interest suggests that investors are becoming more bearish on Petco Health and Wellness. This could lead to downward pressure on the stock price in the short term.
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