How Is The Market Feeling About Monster Beverage?
Portfolio Pulse from Benzinga Insights
Monster Beverage (NYSE:MNST) has seen an 8.76% increase in short interest since its last report, with 13.72 million shares sold short, representing 2.11% of available shares. The short interest ratio is 2.27 days to cover. While an increase in short interest can indicate bearish sentiment, Monster Beverage has less short interest compared to its peer group average of 6.86%. The rise in short interest does not necessarily predict a near-term price drop.
November 15, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Monster Beverage's short interest has increased, which could indicate bearish sentiment, but it's still below the peer group average. This may not significantly impact the stock price in the short term.
While the increase in short interest suggests that some investors are expecting the price to fall, the fact that Monster Beverage's short interest is below the peer average could mitigate any negative impact. Additionally, the article suggests that increasing short interest does not necessarily predict a near-term price drop, which makes the short-term impact on the stock price neutral.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 80