Looking Into Starbucks's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Starbucks's (NYSE:SBUX) short percent of float has fallen 4.41% since its last report, with 14.60 million shares sold short, which is 1.3% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Starbucks. Compared to its peers, Starbucks has less short interest as a percentage of float, with an average of 8.91%.
July 19, 2023 | 4:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The decrease in short interest in Starbucks could indicate a more bullish market sentiment, potentially impacting the stock positively in the short term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock, potentially leading to an increase in its price. Starbucks's short interest has decreased, which could indicate a more bullish sentiment towards the stock, potentially impacting its price positively in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100