Looking Into Mondelez International's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Mondelez International's (NYSE:MDLZ) short percent of float has fallen 11.54% since its last report, with 12.44 million shares sold short, which is 0.92% of all regular shares available for trading. This decrease in short interest could indicate a more bullish sentiment towards the stock. Compared to its peers, Mondelez has less short interest as a percentage of float, with an average of 4.80%.
October 16, 2023 | 7:30 pm
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The decrease in short interest for Mondelez International could indicate a more bullish sentiment towards the stock, potentially impacting its price positively in the short term.
Short interest is a measure of market sentiment. A decrease in short interest often indicates a more bullish sentiment, as fewer traders are betting on the stock's price to fall. This could lead to an increase in demand for the stock, potentially driving up its price in the short term.
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