Peering Into Chipotle Mexican Grill's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Chipotle Mexican Grill's (NYSE:CMG) short percent of float has risen 4.53% since its last report, with 697 thousand shares sold short, which is 2.54% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Chipotle has less short interest with an average of 8.29% for its peer group.
August 21, 2023 | 6:30 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The increase in short interest in Chipotle Mexican Grill could indicate a bearish sentiment among investors. However, its lower short interest compared to peers might suggest less negative pressure.
Short interest is a measure of market sentiment. An increase in short interest can indicate a bearish sentiment, suggesting that investors expect the stock price to decrease. However, Chipotle's short interest is lower than its peers, which might suggest less negative pressure on the stock compared to others in the same industry.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100