How Is The Market Feeling About Chipotle Mexican Grill?
Portfolio Pulse from Benzinga Insights
Chipotle Mexican Grill's (NYSE:CMG) short percent of float has risen 10.7% since its last report, with 652 thousand shares sold short, which is 2.38% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Chipotle has less short interest as a percentage of float, with an average of 9.12%.
September 28, 2023 | 1:45 pm
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Chipotle Mexican Grill's short interest has increased, indicating a bearish market sentiment. However, its short interest is less than its peers' average.
An increase in short interest usually indicates a bearish sentiment towards a stock, as traders are betting on the stock's price to fall. However, the fact that Chipotle's short interest is less than its peers' average could mean that the market is less bearish on Chipotle compared to its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100