Looking Into McDonald's's Recent Short Interest
Portfolio Pulse from Benzinga Insights
McDonald's (NYSE:MCD) has seen a 17.57% rise in short percent of float since its last report, with 6.36 million shares sold short, representing 0.87% of all regular shares available for trading. This increase in short interest could indicate a bearish market sentiment towards McDonald's. However, compared to its peers, McDonald's has less short interest with an average of 9.55% for its peer group.
July 11, 2023 | 5:15 pm
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The rise in short interest could indicate a bearish sentiment towards McDonald's, potentially impacting its stock price negatively in the short term. However, its lower short interest compared to peers 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 sentiment, potentially leading to a drop in stock price. However, McDonald's has less short interest than its peers, which could be seen as a positive sign by investors.
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