Peering Into Chewy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Chewy's short interest has decreased by 3.69%, with 13.50 million shares sold short, representing 9.67% of its float. This is lower than the peer group average of 12.59%. The decrease in short interest may indicate a more bullish sentiment towards Chewy.
October 24, 2024 | 5:45 pm
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Chewy's short interest has decreased by 3.69%, with 13.50 million shares sold short, representing 9.67% of its float. This is lower than the peer group average of 12.59%. The decrease in short interest may indicate a more bullish sentiment towards Chewy.
The decrease in short interest suggests that fewer investors are betting against Chewy, which could indicate a shift towards a more positive market sentiment. This is further supported by Chewy's short interest being lower than the peer average, potentially making it more attractive to investors.
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IMPORTANCE 70
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