Peering Into Ulta Beauty's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ulta Beauty's short interest has increased by 44.12%, with 3.23 million shares sold short, representing 8.82% of its float. This is below the peer group average of 12.73%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
September 13, 2024 | 7:00 pm
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Ulta Beauty's short interest has increased significantly, indicating a bearish sentiment among investors. However, its short interest is still below the peer average, which could be seen as a positive sign.
The increase in short interest by 44.12% suggests that investors are more bearish on Ulta Beauty. However, since its short interest is below the peer average, it may not be as negative as it seems. The market sentiment is likely to be cautious, potentially leading to a short-term price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100