Looking Into Starbucks's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Starbucks (NYSE:SBUX) has seen a 14.02% decrease in short interest since its last report, with 10.31 million shares sold short, representing 0.92% of available shares. The average time to cover these short positions is 1.77 days. A decrease in short interest can indicate a more bullish sentiment among investors. Compared to its peers, Starbucks has a lower short interest as a percentage of float, with the peer group average at 9.27%.
November 24, 2023 | 6:45 pm
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Starbucks's decrease in short interest suggests a more bullish sentiment from investors, which could lead to a positive short-term impact on the stock price.
The reduction in short interest for Starbucks indicates that fewer investors are betting on the stock price to fall, which could reduce selling pressure and potentially lead to a rise in the stock price in the short term. However, short interest is just one of many factors that can affect stock prices.
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