Looking Into Best Buy Co's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Best Buy Co's short interest has increased by 4.68%, with 13.52 million shares sold short, representing 8.06% of its float. This is higher than its peers' average of 5.43%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
September 18, 2024 | 1:45 pm
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Best Buy Co's short interest has increased to 8.06% of its float, indicating a bearish sentiment compared to its peers. This could lead to increased volatility in the stock price.
The increase in short interest to 8.06% of float suggests that investors are more bearish on Best Buy compared to its peers, which have an average short interest of 5.43%. This could lead to increased volatility and potential downward pressure on the stock price in the short term.
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IMPORTANCE 80
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