Looking Into Starbucks's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Starbucks's (NYSE:SBUX) short percent of float has risen 5.08% since its last report, with 13.96 million shares sold short, which is 1.24% 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, Starbucks has less short interest as a percentage of float, which is 9.17% on average.
October 13, 2023 | 2:00 pm
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Starbucks's short percent of float has risen 5.08% since its last report, indicating a bearish sentiment. However, it's less than its peers' average of 9.17%.
The increase in short interest indicates that traders are expecting the price of Starbucks's stock to fall. However, the fact that Starbucks's short interest is less than its peers' average could mean that the bearish sentiment is not as strong as it is for other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100