Looking Into Ross Stores's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ross Stores (NYSE:ROST) has seen a 20.91% increase in short interest, with 4.36 million shares sold short, representing 1.33% of its float. This is lower than the peer group average of 14.40%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 08, 2024 | 1:15 pm
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Ross Stores has experienced a 20.91% increase in short interest, now at 1.33% of its float. This suggests a bearish sentiment but is still below the peer average of 14.40%.
The increase in short interest suggests a bearish sentiment towards Ross Stores, but since the short interest is still below the peer average, it may not significantly impact the stock price in the short term. The market sentiment is mixed, and the stock price may not necessarily decline.
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