How Is The Market Feeling About Chipotle Mexican Grill?
Portfolio Pulse from Benzinga Insights
The short percent of float for Chipotle Mexican Grill (NYSE:CMG) has risen 8.87% since its last report, with 873 thousand shares sold short, which is 3.19% of all regular shares available for trading. It would take traders 4.23 days to cover their short positions on average. The company's short interest is less than its peer group average of 9.47%.
July 06, 2023 | 2:31 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The increase in short interest for Chipotle Mexican Grill indicates a bearish sentiment among traders. However, its short interest is less than its peer group average, which could be a positive sign.
Short interest is the number of shares sold short but not yet covered. An increase in short interest can indicate a bearish market sentiment towards a stock, meaning traders expect the price to fall. However, Chipotle's short interest is less than its peer group average, which could indicate that it's performing better than similar companies.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100