Peering Into AutoZone's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AutoZone's (NYSE:AZO) short percent of float has decreased by 3.89%, now standing at 2.47%. This is lower than the peer group average of 12.96%. The decline in short interest suggests a more bullish sentiment among investors.
July 15, 2024 | 4:00 pm
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AutoZone's short interest has decreased by 3.89%, now at 2.47%, which is significantly lower than its peers' average of 12.96%. This suggests a more bullish sentiment among investors.
The decrease in short interest indicates that fewer investors are betting against AutoZone, which can be interpreted as a sign of increased confidence in the stock. This is further supported by the fact that AutoZone's short interest is significantly lower than the peer group average, suggesting a relatively stronger position in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100