Peering Into Hershey's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Hershey's (NYSE:HSY) short percent of float has fallen 15.26% since its last report, with 3.44 million shares sold short, which is 2.61% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Hershey's stock.
July 25, 2023 | 7:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Decrease in short interest could indicate a more bullish sentiment towards Hershey's stock.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest often signals a more bullish sentiment towards a stock, as it indicates fewer investors are betting on the stock's price to fall. In Hershey's case, the 15.26% decrease in short interest could suggest a more positive market sentiment towards the company's stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100