Looking Into McDonald's's Recent Short Interest
Portfolio Pulse from Benzinga Insights
McDonald's (NYSE:MCD) has seen a rise in short interest by 11.63% since its last report, with 6.95 million shares sold short, representing 0.96% of all regular shares available for trading. It would take traders 2.59 days on average to cover their short positions. The company's short interest as a percentage of float is less than its peer group average of 9.18%.
October 18, 2023 | 1:00 pm
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McDonald's has seen an increase in short interest, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
The increase in short interest indicates that traders are expecting the price of McDonald's stock to fall. However, the fact that its short interest is less than its peer group 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