Looking Into Celsius Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Celsius Holdings (NYSE:CELH) has seen a 7.2% decrease in short interest since the last report, with 30.65 million shares sold short, representing 32.1% of its float. It would take about 3.31 days to cover all short positions based on current trading volume. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise. Celsius Holdings has a significantly higher short interest compared to its peer group average of 3.97%.
December 06, 2023 | 1:15 pm
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Celsius Holdings has experienced a decrease in short interest, which may suggest a more bullish sentiment among investors compared to the last reporting period.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a potential increase in its price in the short term. However, the high short interest relative to peers and the fact that a decrease in short interest does not guarantee a price rise tempers the potential impact.
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