Peering Into Coca-Cola's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Coca-Cola's (NYSE:KO) short percent of float has risen 3.7% since its last report, with 23.81 million shares sold short, which is 0.56% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Coca-Cola's peer group average for short interest as a percentage of float is 6.62%, which means the company has less short interest than most of its peers.
November 07, 2023 | 2:00 pm
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Coca-Cola's short interest has increased, indicating a bearish sentiment among investors. However, it's less than its peer group average.
The increase in short interest indicates that more investors are betting against Coca-Cola, which could put downward pressure on the stock price in the short term. However, the fact that Coca-Cola's short interest is less than its peer group average suggests that it may be less vulnerable to a short squeeze.
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IMPORTANCE 75
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