Peering Into McDonald's's Recent Short Interest
Portfolio Pulse from Benzinga Insights
McDonald's (NYSE:MCD) has seen a 6.59% rise in short percent of float since its last report, with 7.07 million shares sold short, representing 0.97% of all regular shares available for trading. This increase in short interest could indicate a bearish market sentiment towards McDonald's. However, compared to its peers, McDonald's has less short interest, with an average of 9.43% for its peer group.
November 03, 2023 | 4:15 pm
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McDonald's has seen a rise in short interest, which could indicate a bearish sentiment. However, its short interest is still lower than its peer group average.
The rise in short interest indicates that more investors are betting that McDonald's stock will fall. This could put downward pressure on the stock price in the short term. However, the fact that McDonald's has less short interest than its peers could indicate that it is viewed more favorably than other companies in its industry.
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IMPORTANCE 75
RELEVANCE 100