Peering Into McDonald's's Recent Short Interest
Portfolio Pulse from Benzinga Insights
McDonald's (NYSE:MCD) has seen a decrease in short interest by 11.49% since its last report, with 5.57 million shares sold short, representing 0.77% of all regular shares available for trading. This suggests that traders are becoming less bearish on the stock. However, this does not necessarily indicate that the stock price will rise in the near term. Compared to its peers, McDonald's has less short interest, with the average for its peer group being 8.37%.
August 22, 2023 | 2:00 pm
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Decrease in short interest suggests less bearish sentiment towards McDonald's, but doesn't guarantee a price rise.
The decrease in short interest indicates that traders are less bearish on McDonald's, which could potentially lead to less downward pressure on the stock. However, this does not necessarily mean that the stock price will rise in the near term, as there are many other factors that can influence stock prices.
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