How Is The Market Feeling About Capri Holdings?
Portfolio Pulse from Benzinga Insights
Capri Holdings (NYSE:CPRI) has seen a 4.83% increase in its short percent of float, now at 7.38%. This indicates a bearish sentiment, although it's below the peer average of 10.30%. It would take 6.8 days to cover short positions based on current trading volume.
October 29, 2024 | 6:45 pm
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Capri Holdings has experienced a 4.83% increase in short interest, now at 7.38% of float, indicating a bearish sentiment. However, this is below the peer average of 10.30%.
The increase in short interest suggests a bearish sentiment among investors, as more shares are being shorted. However, since the short interest is below the peer average, it may not be as severe as it seems. The time to cover short positions is 6.8 days, which is a moderate level of risk for short sellers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100