(STZ) - Analyzing Constellation Brands's Short Interest
Portfolio Pulse from Benzinga Insights
Constellation Brands's (NYSE:STZ) short percent of float has fallen 17.39% since its last report, with 1.34 million shares sold short, which is 0.76% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Constellation Brands has less short interest as a percentage of float, with an average of 5.00% for its peer group.
October 17, 2023 | 2:00 pm
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The decrease in short interest for Constellation Brands could indicate a more bullish sentiment towards the stock, potentially impacting its price positively in the short term.
Short interest is an indicator of market sentiment towards a stock. A decrease in short interest often signals a more bullish sentiment, which could drive up the stock price. Given that Constellation Brands' short interest has decreased significantly and is lower than its peer group average, this could potentially have a positive impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100