(DLTR) - Analyzing Dollar Tree's Short Interest
Portfolio Pulse from Benzinga Insights
Dollar Tree (NYSE:DLTR) has seen a 37.18% increase in its short percent of float, now at 4.76% of all regular shares available for trading. This is higher than the peer group average of 3.90%. It would take traders 2.2 days to cover their short positions on average.
July 15, 2024 | 4:30 pm
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Dollar Tree's short interest has increased by 37.18%, now at 4.76% of float, higher than the peer average of 3.90%. This could indicate bearish sentiment but also potential for a short squeeze.
The significant increase in short interest suggests that more investors are betting against Dollar Tree, which could indicate bearish sentiment. However, high short interest also opens the possibility for a short squeeze if the stock price rises.
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