Peering Into McDonald's's Recent Short Interest
Portfolio Pulse from Benzinga Insights
McDonald's (NYSE:MCD) has seen a decrease in short interest, with the short percent of float falling 4.12% since the last report. The current short interest is 6.74 million shares, or 0.93% of available shares, with a cover time of 1.83 days. This decline in short interest may indicate a more bullish sentiment among investors compared to the peer group average of 9.27% short interest as a percentage of float.
November 20, 2023 | 1:30 pm
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McDonald's has experienced a decline in short interest, suggesting a potentially more bullish sentiment from investors in the short term.
The decrease in short interest for McDonald's indicates that fewer traders are betting against the stock, which could be taken as a positive sign by the market. This might lead to a short-term increase in the stock price as investor sentiment improves. However, short interest is just one of many factors that can affect stock prices, and the article does not suggest an immediate price rise.
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