) are trading higher Friday, after the company reported better-than-expected first-quarter results coupled with upbeat guidance on Wednesday, May 22. The pet health chain's strong financial performance has been further boosted by its anticipated return to positive free cash flow within the year.First quarter, Petco also expected to be free cash flow positive for fiscal 2024.
Um They're now up by about 12% year to date and there are, there is still a relatively high short, short interest in this company as a percentage of float, but it has gone down according to S3 partners, it's about 12% of float right now, but that might be partly responsible for this continued squeeze higher.And we've seen a number of stocks that have gotten crushed over the last few years really exhibit some strength.
I'll show you a line chart, you can see it a little bit better when I put a max chart on though, you can see still down 86%. So for a stock that's been beaten down and arguably has a harder time with higher interest rates, which is what we're talking about.A 10.6% Dividend Stock That Provides Monthly Cash Payments
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