How did GOLF's Q1 2024 EPS surprise impact short-term traders?

GOLF's Q1 2024 EPS surprise had a significant impact on short-term traders, leading to increased short interest and significant price movements.

1. **Increased Short Interest**: The EPS surprise led to a 40.6% increase in short interest, from 3,890,000 to 5,470,000 shares. This indicates heightened bearish sentiment among short-term traders, anticipating potential downward movement in the stock price.
2. **Significant Price Movements**: Following the EPS release, GOLF's stock experienced notable volatility, reaching a high of $72.78 and a low of $59.66 over the subsequent months. This volatility created opportunities for short-term traders to capitalize on price fluctuations, although the overall trend was a slight increase to $60.61 by the latest report period.

|code|Ticker|Name|Date|Estimate EPS|EPS Surprise|market_code|
|---|---|---|---|---|---|---|
|GOLF|GOLF.N|Acushnet Holdings|2024 Q1|1.23|0.12|169|
|GOLF|GOLF.N|Acushnet Holdings|2024 Q2|1.2|-0.09|169|
|GOLF|GOLF.N|Acushnet Holdings|2024 Q3|0.79|0.1|169|
|GOLF|GOLF.N|Acushnet Holdings|2024 Q4|-0.33|0.31|169|

3. **Market Sentiment**: The reduction in short interest observed in previous months suggests that as the market digested the EPS surprise, sentiment may have shifted. This could indicate that traders who were initially bearish began to revise their views, potentially leading to a more balanced market outlook.

In conclusion, GOLF's Q1 2024 EPS surprise triggered significant reactions from short-term traders, characterized by increased short interest and substantial price swings. While the initial sentiment was bearish, the subsequent market adjustments suggest that traders' views may have evolved over time.