How Is The Market Feeling About McDonald's?
Portfolio Pulse from Benzinga Insights
McDonald's (NYSE:MCD) has seen an increase in its short percent of float by 11.63% since its last report, with 6.95 million shares sold short. This represents 0.96% of all regular shares available for trading. The rise in short interest could indicate a bearish market sentiment towards McDonald's. However, compared to its peers, McDonald's has less short interest as a percentage of float, with an average of 9.18%.
October 02, 2023 | 2:45 pm
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McDonald's has seen an increase in short interest, which could indicate a bearish sentiment. However, its short interest is lower than its peers' average.
The increase in short interest in McDonald's could indicate a bearish sentiment among investors, which could potentially lead to a decrease in the stock's price. However, the fact that McDonald's has less short interest than its peers could mean that it is performing better than them, which could mitigate the potential negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100