(KDP) - Analyzing Keurig Dr Pepper's Short Interest
Portfolio Pulse from Benzinga Insights
Keurig Dr Pepper (NYSE:KDP) has seen a 20.09% decrease in short interest since its last report, with 16.16 million shares sold short, representing 1.71% of its float. The average time to cover these short positions is 2.03 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, KDP has a lower short interest as a percentage of float, with the peer group average at 7.01%.
November 30, 2023 | 5:00 pm
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Keurig Dr Pepper's short interest has decreased, which may suggest a more bullish sentiment among investors. The stock has less short interest compared to its peers, which could be perceived positively by the market.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a potential increase in its price in the short term. Since KDP's short interest is lower than its peers, this might be viewed as a positive sign by investors, potentially leading to a short-term price increase.
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IMPORTANCE 70
RELEVANCE 100