Looking Into AutoZone's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AutoZone's short interest has increased by 3.2%, with 436,000 shares sold short, representing 2.9% of its float. This is lower than the peer group average of 11.58%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 25, 2024 | 3:30 pm
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AutoZone's short interest has increased to 2.9% of its float, which is below the peer average of 11.58%. 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 AutoZone's short interest is still below the peer average, it may not lead to a significant price drop. The market sentiment is mixed, leading to a neutral short-term impact.
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IMPORTANCE 70
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