Looking Into Hershey's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Hershey's (NYSE:HSY) short percent of float has risen 4.49% since its last report, with 3.44 million shares sold short, which is 2.56% of all regular shares available for trading. It would take traders 2.72 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Hershey's peer group average for short interest as a percentage of float is 4.72%, which means the company has less short interest than most of its peers.
October 16, 2023 | 3:45 pm
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Hershey's short percent of float has risen 4.49%, indicating a potential bearish sentiment among investors. However, it has less short interest than most of its peers.
The increase in Hershey's short percent of float suggests that investors may be expecting the stock price to fall. However, the fact that Hershey has less short interest than most of its peers could indicate that the bearish sentiment is not as strong as it is for other companies in the same sector.
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IMPORTANCE 75
RELEVANCE 100