How Is The Market Feeling About Mondelez International?
Portfolio Pulse from Benzinga Insights
Mondelez International (MDLZ) has seen a 13.86% increase in short interest since its last report, with 15.57 million shares sold short, representing 1.15% of available shares. It would take about 2.07 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, MDLZ has less short interest compared to its peers' average of 5.03%. The rise in short interest doesn't necessarily predict a near-term price drop.
December 05, 2023 | 4:00 pm
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NEUTRAL IMPACT
Mondelez International's short interest has increased, which may indicate bearish sentiment, but it's still below the peer average. This could lead to increased volatility in the short term.
The increase in short interest suggests that some investors are expecting the price of MDLZ to fall, which could lead to short-term volatility. However, since the short interest is below the peer average, it may not be a strong bearish signal. The impact on the stock price is uncertain, hence a neutral score is given.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100