(BBY) - Analyzing Best Buy Co's Short Interest
Portfolio Pulse from Benzinga Insights
Best Buy Co's short interest has decreased by 5.08%, with 13.57 million shares sold short, representing 8.04% of its float. This is higher than its peers' average of 5.61%. The decrease in short interest may indicate a shift towards a more bullish sentiment.
August 26, 2024 | 1:45 pm
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Best Buy's short interest has decreased by 5.08%, with 13.57 million shares sold short, representing 8.04% of its float. This is higher than its peers' average of 5.61%. The decrease in short interest may indicate a shift towards a more bullish sentiment.
The decrease in short interest suggests that fewer investors are betting against Best Buy, which could indicate a more positive outlook on the stock. Additionally, the short interest is higher than its peers, which might attract attention from investors looking for potential short squeeze opportunities.
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