Peering Into Constellation Brands's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Constellation Brands's (NYSE:STZ) short percent of float has fallen 18.24% since its last report, with 2.14 million shares sold short, which is 1.21% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Constellation Brands has less short interest as a percentage of float, with an average of 4.15%.
August 18, 2023 | 1:00 pm
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The decrease in short interest for Constellation Brands could indicate a more bullish sentiment towards the stock, potentially impacting its price positively in the short term.
Short interest is an indicator of market sentiment towards a stock. A decrease in short interest, as seen with Constellation Brands, can signal a more bullish sentiment, which could potentially drive up the stock price in the short term.
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RELEVANCE 100