Looking Into PepsiCo's Recent Short Interest
Portfolio Pulse from Benzinga Insights
PepsiCo's (NYSE:PEP) short interest has decreased by 5.41% since the last report, with 14.41 million shares sold short, representing 1.05% of available shares. The average time to cover these short positions is 2.48 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. PepsiCo has less short interest compared to its peer group average of 6.97%.
November 22, 2023 | 6:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
PepsiCo's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially have a positive impact on the stock price in the short term.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a positive sentiment and an uptick in the stock price. However, short interest is just one of many factors that can affect stock prices, and the impact may not be immediate or significant.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80