Looking Into CarMax's Recent Short Interest
Portfolio Pulse from Benzinga Insights
CarMax's short interest has decreased by 3.1%, with 18.06 million shares sold short, representing 13.13% of its float. This is higher than its peers' average of 12.14%. The decrease in short interest may indicate a more bullish sentiment towards CarMax.
August 27, 2024 | 1:15 pm
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CarMax's short interest has decreased by 3.1%, with 18.06 million shares sold short, representing 13.13% of its float. This is higher than its peers' average of 12.14%. The decrease in short interest may indicate a more bullish sentiment towards CarMax.
The decrease in short interest suggests that investors are becoming less bearish on CarMax, which could lead to a positive impact on the stock price. Additionally, CarMax's short interest is higher than its peers, which might attract attention from investors looking for potential short squeeze opportunities.
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