A look at BJ’s Wholesale Club’s recent short interests – BJ’s Wholesale Club (NYSE:BJ)

BJ’s Wholesale Club BJ The share of short float has fallen by 7.63% since the last report. The company recently reported that it 12.17 million shares sold shortThis represents 11.87% of all common shares available for trading. Based on trading volume Traders would need an average of 5.68 days to cover their short positions.

Why short interest is important

Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is the sale of shares of a company that it does not own in the hope that the price will fall. Traders make money by short selling when the price of the stock falls and they lose money when it rises.

Tracking short interest is important because it can serve as an indicator of market sentiment toward a particular stock. An increase in short interest can be a sign that investors have become more pessimistic, while a decrease in short interest can be a sign that they have become more optimistic.

See also: List of most shorted stocks

BJ’s Wholesale Club Short Interest Graph (3 months)

As you can see from the chart above, the percentage of BJ’s Wholesale Club shares sold short has declined since the last report. This doesn’t mean the stock’s price will rise any time soon, but traders should be aware that fewer shares are being sold short.

Comparing BJ’s Wholesale Club’s short interests to those of other companies

Comparison with other companies is a popular way for analysts and investors to measure a company’s performance. A comparable company is another company that has similar characteristics to the other, such as industry, size, age and financial structure. You can find a company’s peer group by reading its Form 10-K or proxy filing, or by conducting your own similarity analysis.

According to Benzinga Pro, BJ’s Wholesale Club’s peer group average for short interest as a percentage of float is 2.56%, meaning the company more Short interest than most of its competitors.

Did you know that rising short interest actually bullish for a share? This post from Benzinga Money explains how you can profit.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.