How Is The Market Feeling About Starbucks?
Portfolio Pulse from Benzinga Insights
Starbucks's (NYSE:SBUX) short percent of float has risen 13.08% since its last report, with 16.55 million shares sold short, which is 1.47% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Starbucks's peer group average for short interest as a percentage of float is 9.30%, which means the company has less short interest than most of its peers.
August 04, 2023 | 4:15 pm
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The increase in short interest in Starbucks's shares indicates a bearish sentiment among investors. However, compared to its peers, Starbucks has less short interest, which could be a positive sign.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish, which could potentially lead to a decrease in the stock's price. However, Starbucks's lower short interest compared to its peers could indicate less negative sentiment towards the company, which could mitigate some of the potential downward pressure on the stock.
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