Peering Into Ollie's Bargain Outlet's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ollie's Bargain Outlet (NYSE:OLLI) has seen a 13.77% decrease in its short percent of float, now at 5.7%. This is lower than its peers' average of 9.48%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
August 27, 2024 | 1:15 pm
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Ollie's Bargain Outlet's short interest has decreased by 13.77%, now at 5.7% of float, which is below the peer average of 9.48%. This could indicate a shift towards a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against the stock, which can be interpreted as a positive signal. Additionally, OLLI's short interest is below the peer average, further supporting a potential bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100