Peering Into Carvana's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Carvana's short interest has decreased by 13.93%, with 18.85 million shares sold short, representing 19.83% of its float. This is higher than the peer group average of 12.65%. It would take traders 4.67 days to cover their short positions.
August 02, 2024 | 2:30 pm
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Carvana's short interest has decreased by 13.93%, with 18.85 million shares sold short, representing 19.83% of its float. This is higher than the peer group average of 12.65%. It would take traders 4.67 days to cover their short positions.
The decrease in short interest suggests a reduction in bearish sentiment towards Carvana. Although the short interest is still higher than its peers, the reduction could lead to a short-term positive impact on the stock price as traders may cover their short positions.
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