Looking Into Ross Stores's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ross Stores (NYSE:ROST) has seen a 19.17% increase in short interest, with 4.66 million shares sold short, representing 1.43% of its float. This rise in short interest suggests a bearish sentiment, although it remains below the peer group average of 17.93%.
October 25, 2024 | 4:45 pm
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Ross Stores has experienced a 19.17% increase in short interest, indicating a bearish sentiment among investors. However, its short interest remains below the peer average, suggesting it may not be as heavily targeted as other companies in its sector.
The increase in short interest by 19.17% suggests that investors are becoming more bearish on Ross Stores. However, since the short interest is still below the peer average, it indicates that while there is increased bearish sentiment, it is not as pronounced as in other companies. This could lead to short-term downward pressure on the stock price.
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