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 fallen 17.32% since its last report, with 574 thousand shares sold short, which is 2.1% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Chipotle has less short interest, with an average of 8.47% for its peer group.
September 08, 2023 | 3:45 pm
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The decrease in short interest in Chipotle Mexican Grill could indicate a more bullish sentiment towards the stock. This could potentially lead to an increase in the stock's price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100