(SNA) - Analyzing Snap-on's Short Interest
Portfolio Pulse from Benzinga Insights
Snap-on's (NYSE:SNA) short interest has risen by 4.75%, with 2.39 million shares sold short, representing 5.29% of its float. This is higher than the peer group average of 3.14%. It would take traders 7.24 days to cover their short positions.
August 01, 2024 | 6:00 pm
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Snap-on's short interest has increased by 4.75%, with 2.39 million shares sold short, representing 5.29% of its float. This is higher than the peer group average of 3.14%.
The increase in short interest suggests that investors are becoming more bearish on Snap-on compared to its peers. This could lead to downward pressure on the stock price in the short term.
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