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.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100