How Is The Market Feeling About Gap?
Portfolio Pulse from Benzinga Insights
Gap (NYSE:GPS) has seen a significant rise in its short percent of float, now at 19.98%, indicating increased bearish sentiment. This is higher than the peer group average of 17.54%. It would take traders 6.57 days to cover their short positions.
July 26, 2024 | 3:30 pm
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Gap's short percent of float has risen to 19.98%, indicating increased bearish sentiment. This is higher than the peer group average of 17.54%. It would take traders 6.57 days to cover their short positions.
The significant rise in short interest suggests that investors are increasingly bearish on Gap's stock. This could lead to downward pressure on the stock price in the short term as more traders bet against it.
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IMPORTANCE 80
RELEVANCE 100