Looking Into Mondelez International's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Mondelez International's (NYSE:MDLZ) short percent of float has fallen 7.37% since its last report, with 11.94 million shares sold short, which is 0.88% of all regular shares available for trading. This decrease in short interest could indicate a more bullish sentiment towards the stock. Compared to its peers, Mondelez has less short interest, with an average of 5.16% for its peer group.
July 19, 2023 | 2:30 pm
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Decrease in short interest could indicate a more bullish sentiment towards Mondelez International's stock.
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 it suggests fewer investors are expecting the stock's price to fall. Therefore, the decrease in Mondelez's short interest could potentially lead to an increase in its stock price in the short term.
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