Peering Into McDonald's's Recent Short Interest
Portfolio Pulse from Benzinga Insights
McDonald's (NYSE:MCD) has seen a 3.9% rise in short percent of float since its last report, with 5.81 million shares sold short, representing 0.8% of all regular shares available for trading. This increase in short interest could indicate a bearish market sentiment towards McDonald's. However, compared to its peers, McDonald's has less short interest, with an average of 8.52% for its peer group.
September 08, 2023 | 5:30 pm
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The rise in short interest could indicate a bearish sentiment towards McDonald's, potentially impacting its stock price negatively in the short term. However, its lower short interest compared to peers could be a positive sign.
Short interest is an indicator of market sentiment. An increase in short interest can signal that investors have become more bearish, potentially leading to a decrease in the stock price. However, McDonald's has less short interest than most of its peers, which could be seen as a positive sign.
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IMPORTANCE 75
RELEVANCE 100