Peering Into Dollar Gen's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Dollar General (NYSE:DG) has seen a rise in its short percent of float by 11.51%, now at 3.39% of all regular shares available for trading. This indicates increased bearish sentiment among investors. However, compared to its peers, Dollar General has a lower short interest percentage.
July 05, 2024 | 3:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Dollar General's short interest has increased by 11.51%, now at 3.39% of float. This suggests a rise in bearish sentiment, although it remains lower than the peer group average of 3.93%.
The increase in short interest indicates that more investors are betting against Dollar General, which could put downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100