Peering Into Keurig Dr Pepper's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Keurig Dr Pepper (NYSE:KDP) has experienced a 20.22% increase in short interest since the last report, with 20.23 million shares sold short, representing 2.14% of available shares. It would take about 2.07 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a price drop. KDP's short interest is below its peer group average of 6.86%.
November 14, 2023 | 8:45 pm
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NEUTRAL IMPACT
Keurig Dr Pepper's short interest has increased, which may indicate bearish sentiment among investors. However, the level is still below the peer group average, suggesting less negative sentiment compared to peers.
The increase in short interest for KDP suggests that some investors are expecting the price to fall, which could lead to negative pressure on the stock price in the short term. However, since the short interest is lower than the peer average, it may not be a strong bearish signal. The impact score is neutral (0) because the article does not provide conclusive evidence that the stock will move in either direction solely based on the short interest data.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100