How Is The Market Feeling About Starbucks?
Portfolio Pulse from Benzinga Insights
Starbucks (NYSE:SBUX) has seen a 25.74% increase in short interest since its last report, with 14.12 million shares sold short, representing 1.27% of available shares. It would take 1.95 days to cover these short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a near-term price drop. Starbucks has less short interest compared to its peer group average of 9.24%.
December 12, 2023 | 5:30 pm
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NEUTRAL IMPACT
Starbucks has experienced a significant rise in short interest, but it remains below the peer group average. This could indicate bearish sentiment but is not a definitive predictor of immediate stock price movement.
The increase in short interest for Starbucks indicates that some investors are expecting the price to fall, which could lead to negative sentiment in the short term. However, since the short interest is still lower than the peer average, it may not have a strong impact on the stock price. The market's reaction to changes in short interest can be unpredictable, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100