(KMX) - Analyzing CarMax's Short Interest
Portfolio Pulse from Benzinga Insights
CarMax (NYSE:KMX) has seen a 3.12% increase in its short percent of float, now at 13.55% with 18.63 million shares sold short. This is higher than the peer group average of 12.91%. It would take traders 8.89 days to cover their short positions.
August 08, 2024 | 7:00 pm
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CarMax's short interest has increased to 13.55%, higher than its peers. This could indicate bearish sentiment but also potential for a short squeeze.
The increase in short interest suggests bearish sentiment, but the high percentage also opens up the possibility of a short squeeze if positive news or buying pressure occurs.
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