Peering Into CarMax's Recent Short Interest
Portfolio Pulse from Benzinga Insights
CarMax's short interest has decreased by 5.79%, with 15.89 million shares sold short, representing 11.56% of its float. This is higher than its peers' average of 11.22%. The decrease in short interest may indicate a more bullish sentiment towards CarMax.
October 07, 2024 | 5:15 pm
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CarMax's short interest has decreased by 5.79%, with 15.89 million shares sold short, representing 11.56% of its float. This is higher than its peers' average of 11.22%. The decrease in short interest may indicate a more bullish sentiment towards CarMax.
The decrease in short interest suggests that investors are becoming less bearish on CarMax, which could lead to a positive short-term impact on the stock price. The fact that CarMax's short interest is still higher than its peers indicates that there is still significant bearish sentiment, but the trend is moving towards a more bullish outlook.
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