100s of titles, one news app for just $10 a month.
Dive Deeper:
Looking Into Caterpillar's Recent Short Interest
Caterpillar's (NYSE:CAT) short percent of float has risen 12.09% since its last report. The company recently reported that it has…
Looking Into Aterian's Recent Short Interest
Aterian's (NASDAQ:ATER) short percent of float has risen 3.25% since its last report. The company recently reported that it has…
Looking Into Clorox's Recent Short Interest
Clorox's (NYSE:CLX) short percent of float has risen 19.39% since its last report. The company recently reported that it has…
Looking Into Snap's Recent Short Interest
Snap's (NYSE:SNAP) short percent of float has risen 11.47% since its last report. The company recently reported that it has…
One subscription that gives you access to news from hundreds of sites
Looking Into Genpact's Recent Short Interest
Genpact's (NYSE:G) short percent of float has fallen 14.65% since its last report. The company recently reported that it has…
Looking Into Nokia's Recent Short Interest
Nokia's (NYSE:NOK) short percent of float has fallen 11.29% since its last report. The company recently reported that it has…
Get all your news in one place
Latest Business news:
Countries agree to overhaul WHO funding model
Geneva (AFP) - The World Health Organization's member states agreed Tuesday to overhaul how they fund the UN health agency,…
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
Coinbase has been testing an app that allows staff to rate each other
Dot Collector was first implemented by Bridgewater Associates, a prolific hedgefund, to encourage transparency.
The impact of Indonesia's ban on palm oil exports reverberated across the globe
Amid an ongoing global food price crisis, vegetable oils are registering record-breaking highs. According to data compiled by the Food…
Argentina to ease exchange control for oil and gas companies
Buenos Aires (AFP) - Argentina on Tuesday announced an easing of foreign exchange controls for the shale oil and gas…
Google urged to stop location tracking to protect privacy of abortion seekers
San Francisco (AFP) - A group of US Democratic lawmakers urged Google on Tuesday to stop collecting smartphone location data…
From analysis to good news, read the world’s best news in one place
Stocks mostly fall after sentiment Snap-ped
New York (AFP) - Stock markets retreated Tuesday on renewed concerns over weak global growth following a profit warning from the…
Population level on a lower track: RBA
RBA assistant governor for economics Luci Ellis does not expect the population level to catch-up to the numbers lost during…

Looking Into Colgate-Palmolive's Recent Short Interest

By Benzinga Insights

Colgate-Palmolive's (NYSE:CL) short percent of float has risen 26.96% since its last report. The company recently reported that it has 12.25 million shares sold short, which is 1.46% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.2 days to cover their short positions on average.

Why Short Interest Matters

Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.

Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.

See Also: List of the most shorted stocks

Colgate-Palmolive Short Interest Graph (3 Months)

As you can see from the chart above the percentage of shares that are sold short for Colgate-Palmolive has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.

Comparing Colgate-Palmolive's Short Interest Against Its Peers

Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.

According to Benzinga Pro, Colgate-Palmolive's peer group average for short interest as a percentage of float is 4.07%, which means the company has less short interest than most of its peers.

Did you know that increasing short interest can actually be bullish for a stock? This post by Benzinga Money explains how you can profit from it..

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

What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.

Dive Deeper:
Looking Into Caterpillar's Recent Short Interest
Caterpillar's (NYSE:CAT) short percent of float has risen 12.09% since its last report. The company recently reported that it has…
Looking Into Aterian's Recent Short Interest
Aterian's (NASDAQ:ATER) short percent of float has risen 3.25% since its last report. The company recently reported that it has…
Looking Into Clorox's Recent Short Interest
Clorox's (NYSE:CLX) short percent of float has risen 19.39% since its last report. The company recently reported that it has…
Looking Into Snap's Recent Short Interest
Snap's (NYSE:SNAP) short percent of float has risen 11.47% since its last report. The company recently reported that it has…
One subscription that gives you access to news from hundreds of sites
Looking Into Genpact's Recent Short Interest
Genpact's (NYSE:G) short percent of float has fallen 14.65% since its last report. The company recently reported that it has…
Looking Into Nokia's Recent Short Interest
Nokia's (NYSE:NOK) short percent of float has fallen 11.29% since its last report. The company recently reported that it has…
Get all your news in one place