Peering Into Skechers USA's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Skechers USA (NYSE:SKX) has seen a 9.09% decrease in its short percent of float, now at 5.5% of available shares. This is lower than the peer group average of 6.84%. The decrease in short interest may indicate a more bullish sentiment among investors.
September 26, 2024 | 8:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Skechers USA's short interest has decreased by 9.09%, now at 5.5% of float, which is below the peer average of 6.84%. This could suggest a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against Skechers, which can be interpreted as a sign of increased confidence in the stock. This is further supported by the fact that Skechers' short interest is below the peer average, indicating relatively stronger market sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100