(HSY) - Analyzing Hershey's Short Interest
Portfolio Pulse from Benzinga Insights
Hershey's (NYSE:HSY) short percent of float has fallen 11.45% since its last report, with 2.71 million shares sold short, which is 2.01% of all regular shares available for trading. It would take traders 2.48 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 4.62%.
September 06, 2023 | 3:00 pm
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NEUTRAL IMPACT
Hershey's short interest has decreased, indicating a potentially more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
A decrease in short interest can signal that investors have become more bullish, meaning they expect the stock price to rise. However, this is not a guarantee and other factors could influence the stock price. Hershey's has less short interest than most of its peers, which could be seen as a positive sign, but it's important to consider the overall market conditions and other company-specific news.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100