Peering Into Mondelez International's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Mondelez International's (NASDAQ:MDLZ) short percent of float has fallen 15.18% since its last report, with 12.97 million shares sold short, which is 0.95% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Mondelez has less short interest as a percentage of float, with an average of 5.52%.
June 30, 2023 | 2:01 pm
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The decrease in short interest in Mondelez International could indicate a more bullish sentiment towards the stock. This could potentially lead to an increase in the stock's price in the short term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest often indicates a more bullish sentiment towards the stock, as fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term.
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