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
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100