(SKX) - Analyzing Skechers USA's Short Interest
Portfolio Pulse from Benzinga Insights
Skechers USA (NYSE:SKX) has seen a 22.43% increase in its short percent of float, now at 3.93%. This is below the peer group average of 6.94%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 04, 2024 | 2:45 pm
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NEUTRAL IMPACT
Skechers USA's short interest has increased by 22.43%, now at 3.93% of float, which is below the peer average of 6.94%. This rise may indicate bearish sentiment, but it doesn't necessarily predict a price decline.
The increase in short interest suggests a bearish sentiment among investors, but since the short interest is still below the peer average, it doesn't strongly indicate an imminent price drop. The market sentiment is mixed, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100