(SBUX) - Analyzing Starbucks's Short Interest
Portfolio Pulse from Benzinga Insights
Starbucks's (NASDAQ:SBUX) short percent of float has risen 8.8% since its last report, with 15.27 million shares sold short, which is 1.36% of all regular shares available for trading. It would take traders 2.4 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 9.55% for its peer group.
June 30, 2023 | 8:01 pm
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The increase in short interest in Starbucks's shares could indicate a bearish sentiment among investors. However, the company has less short interest than most of its peers, which could be a positive sign.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish, while a decrease can signal they have become more bullish. In Starbucks's case, the short interest has increased, which could indicate a bearish sentiment. However, the company has less short interest than most of its peers, which could be a positive sign.
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