Peering Into Birkenstock Holding's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Birkenstock Holding (NYSE:BIRK) has seen a 14.57% increase in its short percent of float, now at 11.32%. This is higher than its peers' average of 5.88%. It would take traders 4.82 days to cover their short positions. Increased short interest can indicate bearish sentiment but may also present bullish opportunities.
September 06, 2024 | 3:30 pm
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Birkenstock Holding's short interest has increased by 14.57%, now at 11.32% of float, indicating a potential bearish sentiment. However, this level of short interest is higher than its peers, which could lead to a short squeeze if the stock price rises.
The increase in short interest suggests bearish sentiment, but the high level compared to peers could lead to a short squeeze if the stock price increases, creating a neutral short-term impact.
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