Peering Into Monster Beverage's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Monster Beverage's (NYSE:MNST) short percent of float has fallen 5.17% since its last report, with 10.88 million shares sold short, which is 1.65% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Monster Beverage has less short interest.
October 25, 2023 | 8:00 pm
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Decrease in short interest in Monster Beverage could indicate a more bullish sentiment towards the stock. The company also has less short interest compared to its peers.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest often signals a more bullish sentiment as it indicates fewer investors are betting on the stock's price to fall. Given that Monster Beverage's short interest has fallen and is lower than its peers, this could be a positive sign for the stock in the short term.
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