Looking Into Coca-Cola's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Coca-Cola's (NYSE:KO) short interest has decreased by 7.27% since the last report, with 21.89 million shares sold short, representing 0.51% of available shares. The average time to cover these short positions is 1.59 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Coca-Cola has a lower short interest compared to its peer group average of 7.35%.
December 12, 2023 | 8:15 pm
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Coca-Cola's short interest has decreased, which may suggest a more bullish market sentiment and could potentially lead to a short-term positive impact on the stock price.
A decrease in short interest typically indicates that fewer investors are betting against the stock, which can be a positive sign for the company's stock price in the short term. However, short interest is just one of many factors that can affect stock prices, and the impact may not be immediate or significant.
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