(FAST) - Analyzing Fastenal's Short Interest
Portfolio Pulse from Benzinga Insights
Fastenal's short interest has decreased by 9.9%, with 13.22 million shares sold short, representing 2.64% of its float. This is lower than its peers' average of 4.39%. The decrease in short interest may indicate a more bullish sentiment towards Fastenal.
October 14, 2024 | 5:00 pm
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Fastenal's short interest has decreased by 9.9%, with 13.22 million shares sold short, representing 2.64% of its float. This is lower than its peers' average of 4.39%. The decrease in short interest may indicate a more bullish sentiment towards Fastenal.
The decrease in short interest suggests that investors are less bearish on Fastenal compared to before. With its short interest lower than the peer average, this could indicate a potential bullish sentiment shift, possibly leading to a positive short-term impact on the stock price.
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