Peering Into Crocs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Crocs (NYSE:CROX) has seen a 12.87% increase in short interest, with 10.26% of its float sold short. This is higher than its peers' average of 5.89%. It would take 3.47 days to cover these positions based on current trading volume.
August 19, 2024 | 3:15 pm
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Crocs has experienced a significant increase in short interest, now at 10.26% of its float, indicating bearish sentiment. This is higher than the peer average, suggesting potential volatility.
The increase in short interest suggests that investors are more bearish on Crocs compared to its peers. This could lead to downward pressure on the stock price in the short term, especially if the market sentiment remains negative.
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