Peering Into Skechers USA's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Skechers USA (NYSE:SKX) has seen a rise in short interest by 11.45%, with 5.65 million shares sold short, representing 5.84% of its float. This increase in short interest suggests a bearish sentiment among investors, although it is below the peer group average of 6.73%.
October 29, 2024 | 6:30 pm
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Skechers USA's short interest has increased by 11.45%, with 5.65 million shares sold short, representing 5.84% of its float. This suggests a bearish sentiment, although it remains below the peer average of 6.73%.
The increase in short interest by 11.45% indicates a bearish sentiment among investors, which could lead to downward pressure on the stock price. However, since the short interest is still below the peer average, the impact might be moderated.
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