(STZ) - Analyzing Constellation Brands's Short Interest
Portfolio Pulse from Benzinga Insights
Constellation Brands's (NYSE:STZ) short percent of float has fallen 17.39% since its last report, with 1.34 million shares sold short, which is 0.76% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Constellation Brands has less short interest as a percentage of float, with an average of 3.93%.
September 28, 2023 | 1:15 pm
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Decrease in short interest could indicate a more bullish sentiment towards Constellation Brands. The company's short interest is lower than its peers' average.
Short interest is a measure of market sentiment towards a stock. A decrease in short interest often indicates a more bullish sentiment, as fewer traders are betting on the stock's price to fall. This, combined with the fact that Constellation Brands has less short interest than its peers, could potentially indicate a positive short-term impact on the stock's price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100