Peering Into Starbucks's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Starbucks's (NYSE:SBUX) short percent of float has fallen 20.71% since its last report, with 12.50 million shares sold short, which is 1.11% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Starbucks. However, it does not necessarily mean that the stock will rise in the near term. Compared to its peers, Starbucks has less short interest as a percentage of float, with an average of 8.51%.
September 05, 2023 | 1:15 pm
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The decrease in short interest could indicate a more bullish sentiment towards Starbucks, but it doesn't guarantee a rise in stock price in the near term.
Short interest is a measure of market sentiment. A decrease in short interest could indicate that investors are less bearish about the stock, which could potentially lead to an increase in the stock price. However, other factors also influence stock prices, so this doesn't guarantee a rise in the near term.
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