Peering Into Monster Beverage's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Monster Beverage's (NYSE:MNST) short percent of float has fallen 5.17% since its last report, with 10.88 million shares sold short, which is 1.65% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Monster Beverage has less short interest, with an average of 6.75% for its peer group.
October 09, 2023 | 5:45 pm
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Decrease in short interest could indicate a more bullish sentiment towards Monster Beverage's stock. The company's short interest is also lower than its peer group average.
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. In addition, Monster Beverage's short interest is lower than its peer group average, which could further indicate a more positive sentiment towards the company's stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100