Peering Into Copart's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Copart's (NYSE:CPRT) short interest has risen by 10.17%, with 15.13 million shares sold short, representing 1.95% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Copart's short interest is still below the peer group average of 4.20%.
July 15, 2024 | 4:00 pm
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NEGATIVE IMPACT
Copart's short interest has increased by 10.17%, now at 1.95% of its float. This could indicate bearish sentiment, but it's still below the peer average of 4.20%.
The increase in short interest suggests that more investors are betting against Copart, which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100