Looking Into Hershey's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Hershey's (NYSE:HSY) short percent of float has fallen 14.66% since its last report, with 3.05 million shares sold short, which is 2.27% of all regular shares available for trading. It would take traders 2.1 days to cover their short positions on average. Hershey's peer group average for short interest as a percentage of float is 4.72%, indicating less short interest than most of its peers.
August 18, 2023 | 6:45 pm
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Hershey's short percent of float has decreased, indicating a potentially bullish sentiment among traders. However, this does not guarantee a rise in the stock's price.
A decrease in short interest can signal that investors have become more bullish on a stock. However, this is not a definitive indicator of a stock's future performance, and other factors should also be considered.
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