(ULTA) - Analyzing Ulta Beauty's Short Interest
Portfolio Pulse from Benzinga Insights
Ulta Beauty's short interest has decreased by 10.66%, with 2.88 million shares sold short, representing 7.88% of its float. This is lower than the peer group average of 12.70%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
September 30, 2024 | 8:30 pm
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Ulta Beauty's short interest has decreased by 10.66%, with 2.88 million shares sold short, representing 7.88% of its float. This is lower than the peer group average of 12.70%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that investors are less bearish on Ulta Beauty compared to its peers, which could lead to a positive short-term impact on the stock price. The lower short interest relative to peers indicates a more favorable market sentiment.
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