How Is The Market Feeling About Constellation Brands?
Portfolio Pulse from Benzinga Insights
Constellation Brands's (NYSE:STZ) short percent of float has risen 6.47% since its last report, with 2.61 million shares sold short, which is 1.48% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Constellation Brands has less short interest as a percentage of float (4.20%).
July 26, 2023 | 3:45 pm
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Increased short interest in Constellation Brands indicates a bearish sentiment among investors. However, its short interest is less than the average of its peers, which could suggest relative strength.
Short interest is a measure of market sentiment. The increase in short interest in Constellation Brands suggests that investors are expecting the stock price to fall. However, the fact that its short interest is less than its peers could suggest that it is relatively stronger than them, which might mitigate the negative impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100