(PEP) - Analyzing PepsiCo's Short Interest
Portfolio Pulse from Benzinga Insights
PepsiCo's short percent of float has risen 13.27% since its last report, with 15.25 million shares sold short, which is 1.11% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, PepsiCo's short interest as a percentage of float is less, with an average of 6.56%.
November 03, 2023 | 5:45 pm
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PepsiCo's short interest has increased, indicating a bearish sentiment. However, it's less than its peers' average.
The increase in short interest indicates that traders are expecting the price of PepsiCo's stock to fall. However, compared to its peers, PepsiCo's short interest is less, which could mean that the bearish sentiment is not as strong for PepsiCo as it is for its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100