Peering Into Dick's Sporting Goods's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Dick's Sporting Goods (NYSE:DKS) has seen a 6.5% increase in its short percent of float, now at 13.43%. This indicates a bearish sentiment among investors, as it would take 4.67 days to cover these short positions. The company's short interest is higher than its peer group average of 12.96%.
July 31, 2024 | 2:15 pm
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Dick's Sporting Goods has experienced a 6.5% increase in short interest, now at 13.43% of its float. This suggests a bearish sentiment among investors, as it would take 4.67 days to cover these short positions. The company's short interest is higher than its peer group average of 12.96%.
The increase in short interest indicates a bearish sentiment among investors, which could lead to downward pressure on the stock price in the short term. The fact that the short interest is higher than its peers further supports this bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100