How Is The Market Feeling About Advance Auto Parts?
Portfolio Pulse from Benzinga Insights
Advance Auto Parts (NYSE:AAP) has seen a significant increase in short interest, with 20.97% of its float sold short, compared to a peer average of 11.33%. This rise in short interest suggests bearish sentiment among investors.
September 16, 2024 | 3:15 pm
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Advance Auto Parts has experienced a 27.09% increase in short interest, now at 20.97% of its float. This suggests a bearish sentiment among investors, as it is higher than the peer average of 11.33%.
The significant increase in short interest for Advance Auto Parts suggests that investors are expecting the stock price to decline. This is further emphasized by the fact that its short interest is much higher than the peer average, indicating a stronger bearish sentiment compared to its peers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100