Looking Into CarMax's Recent Short Interest
Portfolio Pulse from Benzinga Insights
CarMax's short interest has fallen by 7.46%, with 18.07 million shares sold short, representing 13.14% of its float. This is higher than the peer group average of 12.52%. It would take traders 5.91 days to cover their short positions.
July 19, 2024 | 3:30 pm
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CarMax's short interest has decreased by 7.46%, now at 13.14% of its float. This is higher than the peer group average of 12.52%. It would take traders 5.91 days to cover their short positions.
The decrease in short interest suggests a more bullish sentiment among investors. Although the short interest is still higher than the peer average, the reduction could lead to a short squeeze, potentially driving the stock price up in the short term.
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