Looking Into Chipotle Mexican Grill's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Chipotle Mexican Grill's (NYSE:CMG) short percent of float has fallen 17.55% since its last report, with 721 thousand shares sold short, which is 2.63% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Chipotle has less short interest, with the peer group average at 8.86%.
July 25, 2023 | 1:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The decrease in short interest in Chipotle Mexican Grill could indicate a more bullish sentiment towards the stock, potentially impacting its price 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, which could lead to an increase in its price. As such, the decrease in short interest in Chipotle Mexican Grill could potentially have a positive impact on its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100